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#569792 - 12/21/17 11:11 AM WHen will the Bubble Burst  
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Justification Online content
Admiral
Justification  Online Content
Admiral

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Fruit Heights, Utah
Perhaps this thread will cause it to happen.
I'm talking about bitcoin.
Every day I see news stories about it and the warning calls being made about comparisons to other bubbles.
Is the news about bitcoin making it spike, and people are ignoring all the warning signs and stories as there is so little trust in our newsmedia, or are they right to think that this "currency" is legit?
Once something such as this makes the leap from the "regular" media to totally unrealated social media, such as BABC, is that a sign that the bubble is at it's stress point?
Has anybody here used or "invested" in any of these blockchain currencies, or are you like me and just don't trust them


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#569793 - 12/21/17 12:21 PM Re: WHen will the Bubble Burst [Re: Justification]  
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Dock Holiday Offline
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Dock Holiday  Offline
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Originally Posted by Justification

Has anybody here used or "invested" in any of these blockchain currencies, or are you like me and just don't trust them


I definitely don't trust them, but I also have no clue how I would buy or spend a bitcoin.

#569801 - 12/21/17 01:48 PM Re: WHen will the Bubble Burst [Re: Justification]  
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captkevin Online content
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captkevin  Online Content
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It is very interesting to watch but not sure i'd be ready to jump aboard.


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#569802 - 12/21/17 01:51 PM Re: WHen will the Bubble Burst [Re: Justification]  
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GoFirstClass Online content
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Grand Poobah

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Pasco, WA
I'm with Dock. I don't know squat about them except I keep hearing how they are climbing faster than ever and how everyone is becoming Bitcoin millionaires.

Sounds an awful lot like what I kept hearing about the real estate bubble and the economy's bubble and any other bubble I've ever witnessed.

I'm thinking that when it pops there's gonna be an awful lot of millennial snowflakes crying in their corn flakes. And THAT will sound a lot like what we saw on TV after the last election.


"Beachcomber" 1995 Sea Ray 550 Sedan Bridge


Anchor's down......Bottoms Up!
#569808 - 12/21/17 02:11 PM Re: WHen will the Bubble Burst [Re: Justification]  
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Parrott_head Offline
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I like Warren Buffett's idea that if you don't understand it, it probably is not a good investment for you. To me it seems like "smoke and mirrors".


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#569823 - 12/21/17 06:38 PM Re: WHen will the Bubble Burst [Re: Justification]  
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2Suns Offline
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There was a story going around last week about a guy selling chuck e cheese tokens as bitcoin. Totally fake, but funny.


By the time they had diminished from 50 to 8, the other dwarves began to suspect "Hungry.-Gary Larson
#569827 - 12/21/17 07:18 PM Re: WHen will the Bubble Burst [Re: 2Suns]  
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Parrott_head Offline
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Originally Posted by 2Suns
There was a story going around last week about a guy selling chuck e cheese tokens as bitcoin. Totally fake, but funny.




So you're saying I'm out 100K worth of Beanie Babies now? Just great....


Former owner of a 2002 Four Winns 234 FunShip
'16 F250 4x4 Oil Burner
"Hey, if I'm a Vice Admiral, which vice do I get to claim?"
#569839 - 12/22/17 09:44 AM Re: WHen will the Bubble Burst [Re: Justification]  
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captkevin Online content
Admiral
captkevin  Online Content
Admiral

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The whole deal seems fishy to me.


2004 Rinker 232
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#569846 - 12/22/17 03:30 PM Re: WHen will the Bubble Burst [Re: Justification]  
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Grand Poobah

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Pasco, WA
My DIL and her hubby own some bit coins. We were all at dinner last night and that conversation came up. He's afraid of a bubble burst so I suggested he take out his original investment then see if he could put in some stop orders to sell it as the price rises and also a stop loss order to sell if the price starts to drop off quickly.

He doesn't know how those work but they're coming over today to celebrate Christmas with us so we'll have ample time to explain it.


"Beachcomber" 1995 Sea Ray 550 Sedan Bridge


Anchor's down......Bottoms Up!
#569850 - 12/22/17 04:16 PM Re: WHen will the Bubble Burst [Re: Justification]  
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captkevin Online content
Admiral
captkevin  Online Content
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Looks like we spoke to soon. They had a 23% drop in value today.

https://www.yahoo.com/tech/bitcoin-almost-every-other-cryptocurrency-102517319.html


2004 Rinker 232
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#569851 - 12/22/17 04:16 PM Re: WHen will the Bubble Burst [Re: Justification]  
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captkevin Online content
Admiral
captkevin  Online Content
Admiral

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Chicago, IL
$4000 drop in value in 24 hours. Ouch


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#569855 - 12/22/17 10:15 PM Re: WHen will the Bubble Burst [Re: captkevin]  
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MarkHB Offline
Dressed for dinner
MarkHB  Offline
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Admiral

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CA
Originally Posted by captkevin
$4000 drop in value in 24 hours. Ouch


[video:youtube]https://www.youtube.com/watch?v=Mnw-dQC5N-8[/video]


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#569861 - 12/23/17 02:41 AM Re: WHen will the Bubble Burst [Re: Justification]  
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Grand Poobah

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Pasco, WA
Great video choice Mark. Truer words were never spoken.


"Beachcomber" 1995 Sea Ray 550 Sedan Bridge


Anchor's down......Bottoms Up!
#569863 - 12/23/17 03:21 AM Re: WHen will the Bubble Burst [Re: Parrott_head]  
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KCook Offline
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Phoenix
Originally Posted by Parrott_head
I like Warren Buffett's idea that if you don't understand it, it probably is not a good investment for you. To me it seems like "smoke and mirrors".


Yup. I still suffer from backflashes to the Dot Com collapse.

geezer

#569864 - 12/23/17 10:19 AM Re: WHen will the Bubble Burst [Re: Justification]  
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captkevin Online content
Admiral
captkevin  Online Content
Admiral

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Chicago, IL
I tend to go with "if it sounds too good to be true it probably is"


2004 Rinker 232
2010 Dodge Ram Crew Cab Laramie 4x4
#569866 - 12/23/17 11:56 AM Re: WHen will the Bubble Burst [Re: GoFirstClass]  
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jtheile Offline
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Originally Posted by GoFirstClass
My DIL and her hubby own some bit coins.


No idea on this bitcoin stuff, but wouldn't your DIL's husband be your son. idn


Joe
Four Winns 225 Sundowner
#569869 - 12/23/17 04:39 PM Re: WHen will the Bubble Burst [Re: Justification]  
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GoFirstClass Online content
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Grand Poobah

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Pasco, WA
Joe, good question. If she were OUR daughter, you would be correct.

Tina's daughter is from a prior marriage so she isn't my daughter, just my DIL. Hence, her husband is Tina's SIL but not mine.

That being said, all of her kids are "my kids" and all of the 7 grandchildren are "our grandchildren" no matter their lineage.


"Beachcomber" 1995 Sea Ray 550 Sedan Bridge


Anchor's down......Bottoms Up!
#569871 - 12/23/17 07:20 PM Re: WHen will the Bubble Burst [Re: GoFirstClass]  
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jtheile Offline
Admiral
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North Ridgeville, Ohio
Originally Posted by GoFirstClass

Tina's daughter is from a prior marriage so she isn't my daughter, just my DIL. Hence, her husband is Tina's SIL but not mine.


Wouldn't that make her your step daughter, not DIL.


Joe
Four Winns 225 Sundowner
#569884 - 12/24/17 12:22 AM Re: WHen will the Bubble Burst [Re: jtheile]  
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Grand Poobah

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Pasco, WA
Originally Posted by jtheile
Originally Posted by GoFirstClass

Tina's daughter is from a prior marriage so she isn't my daughter, just my DIL. Hence, her husband is Tina's SIL but not mine.


Wouldn't that make her your step daughter, not DIL.


Oh. Yeah, you're right. DOH!!! It's hard to see things correctly when you (meaning me!) have your head up your butt. Kinda gives you a crappy outlook on life and a bad case of tunnel vision. help


"Beachcomber" 1995 Sea Ray 550 Sedan Bridge


Anchor's down......Bottoms Up!

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