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I totally agree. I'm confident a crypto coin crash is coming to eclipse any we've had before. The combination of volume, transactions/second limits, and weak

I totally agree. I'm confident a crypto coin crash is coming to eclipse any we've had before. The combination of volume, transactions/second limits, and weak exchange infrastructure; when people want to get out things are going to get ugly.

averagewall 9y ago
Whenever someone says they're sure of a crash, I assume their true feeling is isn't confidence of a crash but frustration at having missed out. Have you shorted Bitcoin? That would help you to profit from your belief.
- benmorris 9y ago
  Sure I could short Bitcoin, but it cost me nothing to speculate about a crash. I also make the assumption when I see the FOMO argument that the person has a stake in Bitcoin/Crypto Currency. Perhaps both of our assumptions are wrong? Once the bubble burst then no one argues that they were in a bubble.
- llamataboot 9y ago
  something something about markets being able to stay irrational longer than an investor can stay solvent
starlust2 9y ago
Also agree. It seems many people are convinced that others will just keep holding forever. Eventually there's less money flowing in and people will realize they aren't getting rich. When people aren't making more money they will start selling. Worse, the people buying in now aren't true believers. They are "investing" because they think it is easy money. These folks represent a larger percentage of the market cap and are also least likely to have confidence in bitcoin for it's utility. They also stand to lose the most because their buy in point was so much higher. (people who bought in at say $1000, are just losing profits) A panic sell will happen at some point.
- slyfocks 9y ago
  The cult-like “hodl” culture in the Bitcoin community exacerbating the already limited supply of Bitcoins (if it were a stock, it would be a “low-float” stock, which results in increased vol) has served as the perfect breeding ground for a bubble. As Bitcoin becomes extremely mainstream, those who hodl Bitcoin with religious fervor are increasingly becoming a smaller minority. Eventually it’ll reach critical mass and there will be enough disloyal Bitcoin ownership to cause a panic at the first significant sign of selling.

averagewall 9y ago

Whenever someone says they're sure of a crash, I assume their true feeling is isn't confidence of a crash but frustration at having missed out. Have you shorted Bitcoin? That would help you to profit from your belief.

benmorris 9y ago
Sure I could short Bitcoin, but it cost me nothing to speculate about a crash. I also make the assumption when I see the FOMO argument that the person has a stake in Bitcoin/Crypto Currency. Perhaps both of our assumptions are wrong? Once the bubble burst then no one argues that they were in a bubble.
llamataboot 9y ago
something something about markets being able to stay irrational longer than an investor can stay solvent

starlust2 9y ago

Also agree. It seems many people are convinced that others will just keep holding forever. Eventually there's less money flowing in and people will realize they aren't getting rich. When people aren't making more money they will start selling. Worse, the people buying in now aren't true believers. They are "investing" because they think it is easy money. These folks represent a larger percentage of the market cap and are also least likely to have confidence in bitcoin for it's utility. They also stand to lose the most because their buy in point was so much higher. (people who bought in at say $1000, are just losing profits) A panic sell will happen at some point.

slyfocks 9y ago
The cult-like “hodl” culture in the Bitcoin community exacerbating the already limited supply of Bitcoins (if it were a stock, it would be a “low-float” stock, which results in increased vol) has served as the perfect breeding ground for a bubble. As Bitcoin becomes extremely mainstream, those who hodl Bitcoin with religious fervor are increasingly becoming a smaller minority. Eventually it’ll reach critical mass and there will be enough disloyal Bitcoin ownership to cause a panic at the first significant sign of selling.