Is the Bitcoin bubble about to burst?

[Tin Pot]

Not one to say “I told you so” but...

20% loss today.

https://www.reuters.com/article/us-...-tumbles-20-percent-in-10-hours-idUSKBN1E20HS

 

[Tin Pot]

Timing the market is a well known folly, but that said, does this look like a time to buy?

 

[twentysix by twentyfive]

Not one to say “I told you so” but...

20% loss today.

https://www.reuters.com/article/us-...-tumbles-20-percent-in-10-hours-idUSKBN1E20HS

Buy, Buy, Buy

 

[PK99]

Timing the market is a well known folly, but that said, does this look like a time to buy?

View attachment 386413

googled market volatility-images

this was the first that came up

 

[PK99]

Better still, this plot of the classic market bubble:

or tjhis one:

and the dot com bubble

and tulip mania

and the south sea bubble

 

[Tin Pot]

It may well continue up, you can’t call the peak.

But...

I love the “It’s a new paradigm!!!”, I fall for that , and I’m wondering if I’ll ever leave The Pit of Despair.

 

[nickyboy]

Better still, this plot of the classic market bubble:

View attachment 386417

or tjhis one:

View attachment 386418

and the dot com bubble

View attachment 386419

and tulip mania

View attachment 386423

and the south sea bubble
View attachment 386424

It's funny...whenever you talk to private investors, or see their babblings on the bulletin boards, they all thing they are in the "Smart Money" phase of every investment

The reality is that 95% of all private investors lose money by buying and selling shares (and bitcoins, and trading forex etc etc)

 

[PK99]

Enron:

Polly Peck

 

[PK99]

It's funny...whenever you talk to private investors, or see their babblings on the bulletin boards, they all think they are in the "Smart Money" phase of every investment

The reality is that 95% of all private investors lose money by buying and selling shares (and bitcoins, and trading forex etc etc)

Truth is, when it has reached the babbling bulletin boards it is by definition in the Public phase Enthusiasm/Greed/Delusion

 

[nickyboy]

Truth is, when it has reached the babbling bulletin boards it is by definition in the Public phase Enthusiasm/Greed/Delusion

Yup...there is one company I watch on the BBs and their investors are in the Denial/Fear phase now. It would be funny to read, were it not so sad. They're all sitting on 50% losses, talking to each other trying to engender some collective optimism

 

[PK99]

Yup...there is one company I watch on the BBs and their investors are in the Denial/Fear phase now. It would be funny to read, were it not so sad. They're all sitting on 50% losses, talking to each other trying to engender some collective optimism

A friend who is a Wealth Manager in the city tells me he used to play with his own money trying to second guess the market - after losing lots, he decided to play the percentage game as advised by his firms research dept and he did for clients. Much better returns.

 

[mjr]

What does the phrase "smart money" mean?

It's like a smart bomb but destroys money. It's the opposite of quantitive easing.

 

[Joey Shabadoo]

Bitcoin On Path To Functioning Just Like Real Currency After Small Concentration Of People Acquire Majority Of It

 

[nickyboy]

What does the phrase "smart money" mean?

I think in this case it refers to investment made by individuals who do careful research of the business model, the management, the market, the valuation etc etc. As opposed to investments made by people who see the price of something increasing and who hope the increase continues

 

[PK99]

I think in this case it refers to investment made by individuals who do careful research of the business model, the management, the market, the valuation etc etc. As opposed to investments made by people who see the price of something increasing and who hope the increase continues

Yep, the smart money will already have taken a lot out of the market, banking a good profit.