This guy didn't get the point of crypto coins and blockchain technology. Sorry man but block chain is here to stay! I understand his frustration, he was learning all life to make money and now he us watching bunch of kids making lot of money over night...
Soon they will change Grux. The reason Bitcoin going to the roof because of new buyers. More people find out the more we make, yes we the ones playing with Bitcoin for years, sit and hold and some nice ICO'S
Bitcoin will go up FOREVER. Pretty soon one Bitcoin will be worth more than the entire planet. Soon, intergalactic civilizations will be trading entire star systems for one measly Bitcoin. You heard it here first.
Who said bitcoin hasn’t crashed? I’ve been through 4 or 5 big ones already from 2012. My first was from 30 dollars each to about 2. 😮. Hodl and hang tight 😂
Woww. Even 7K for BTC seemed like a bubble back then. Now people will be crazy to get in for that price. Alessio , your vision has not changed ever since. principles remain the same.
His points are valid, he admits there’s money to be made, just be careful. He never said he didn’t buy bitcoin. Crypto investors should be less defensive to alternative viewpoints and question whether they are making unbiased decisions, or are too emotionally attached to heed warning.
emoadatfkid by the time it crashes you’re only going to with u invested more! I say that bc the only way this thing crashes is if people not gov decide that bitcoin is worth too much!
Indeed... one day the most beautiful girl in the world falls in love with you, then, the next day, she dumps you for a douche, then you end up sleeping on the streets XD
The difference between btc and 'the internet bubble' is that companies promised profit. BTC delivers on its promise: a decentralised currency managed by we the people and uncrashable. However, if you lose your btc key then there is no one to call. Its the only main issue. Personaly I found secondary issues with btc and prefer Monero.
Hi Alessio, you are right, psychological effect is strong with BTC. But as long as it's individuals gambling their savings then its not too dangerous. What I fear is that big corps see a much higher return in this and move away from the stock exchange, leaving companies without the funds to stay afloat. And the price of gold drop because no one is bothered in long term inflation hedge. They saw that it was possible to get triple digit returns and want 500% per year, regardless if its with a secured virtual currency like BTC or another. The outcome will be very sad, as without the funds, companies will close and unemployment will rise. I hope I'm being pessimistic. But our greed could well lead us to our collapse.
Lucky Dom ICO will be the end of the bitcoin. Why would anyone buy bitcoins which are worth nothing while he can have worth something ICO. It's just needed some big company as a cryptostok ICO then people will realize what's the real value of bitcoin is. I could buy cryptostoks of Coca-Cola but never worthless bitcoins.
When Bitcoin corrected from $7880 (ATH) to $5500 last night, that would be viewed as a bubble popping in most markets. It’s a severe correction of 30% in a few days. Why aren’t people saying the Bitcoin bubble has already popped? What percentage of a correction would qualify as a bubble popping? Thank you for any feedback.
Hi Ray P, bitcoin has gone through 4 bubbles in the past, everyone remembers the 2013 bubble. but that's isn't even the biggest bubble bitcoin has had.. in 2011 bitcoin went up to $30 and crash down to $0.25.. that was the 2nd biggest bubble. the biggest bubble is when bitcoin went 0.0001 to $1... I expect we will have another 2-3 bubble before we have mass adoption. I think the bottom at the most is around $1000 becuase thats is how much it cost to mine a bitcoin at this moment in time.
Bitcoin vs 2001 tech stock market crash. Tech stock companies never rebounded. And Bitcoin continues to correct itself even after high gains. Worldwide investment of Bitcoin is taking place, whereas the US stock market in 2001 didn't have the global investment outreach and following that Bitcoin currently has. Countries are using Bitcoin as currency and you couldn't really do global trade with tech stocks. People in Korea, Japan, Europe, Africa, Russia, and South America are investing in blockchain and mining technology to make Bitcoin work and reach its full potential, whereas, people couldn't do that with tech stocks. So there is a difference. You can't compare tulips to blockchain, and you cant compare tech stocks to blockchain. It's completely different this time. Bitcoin is the current leader and the Rolex brand in crypto. One day something else will be, when people stop supporting Bitcoins blockchain. Im sorry, but the Bitcoin bubble won't happen until something better is invented or until investors or miners put their faith into a different crypto.
Don't see crypto like a new "hot stock bubble". Bitcoin (and others) herald a fundamentally different type of asset class, a new type of money, and one with properties the existing financial system can't replicate. Think: Letters -> Fax -> Email Email bubble?
Yes, I fully agree. In terms of price the market may well get ahead of itself and overshoot, as part of price discovery. In terms of usage/the way we think about money/new qualities and systems, (letter -> fax -> email), the current excitement/noise is signalling more of an adoption curve, and a one-way shift, rather than boom-bust. And if that is the case, IMHO, the value/price in the long term will reflect that.
Intrinsic value is the value that resides within a particular item;. in other words, items with intrinsic value have utility outside of an exchange medium. For example, a bar of gold may not be considered a medium of exchange in a particular society, yet it still contains some intrinsic value as it can be used for conducting electricity, jewelry, etc. An electronic crypto-currency does not contain any intrinsic value whatsoever as it acts as a store of value and medium of exchange for those that agree and accept its value. Bitcoin's value is only determined by the value placed on it by those who try to recognize this currency as an accepted medium of exchange. Bitcoin's value will not approach infinity. That would be ludicrous to think. The probability of collapse is far likelier than global currency acceptance given that opposing forces (banks, governments, etc.) will seek regulatory action and may prevent Bitcoin transactions at some point in the future.
Sesamestreet9080 why is Facebook not a bubble? It's the community who is strengthening this 'website' called Facebook.com, why is it so special? Why can't it be with Bitcoin? There is a huge eco system: user's, community, developers, tens and tens of thousands of nodes securing the network, specialized mining hardware, etc...
Sesamestreet9080 yeah, but why would I not copy Facebook. It's just a website? And paste it? Because facebook is what the community is. The same with Bitcoin. Facebook/Bitcoin would not succeed without it's community.
these bubble markets you speak of were'nt in 200 countries" only bubble thats gonna pop is your ego" when this technology helps uplift humanity from this debt based monetary system" the root cause of most problems in the world"
Kenneth Sedlack Absolutely correct! The central banks are the most malevolent force in the world today, responsible for the deaths of millions and the enslavement of billions through debt slavery.
Y the heck don't you address his whole comment, Kenneth Sedlack said "when this technology "helps uplift humanity from this debt based monetary system" the root cause of most problems in the world". Don't you think this makes sense. You seem very selective in what you want to tackle.
Kenneth Sedlack your talking about Blockchain not Bitcoin, he is right Bitcoin wll crash because it is not being used as intended, as a currency, its become a speculative asset. Of course a lot of people wll make a lot of money but many wll lose fortunea when it crashes but Blockchain wlll be the paradigm shifter just like the internet was after the dotcom bubble
Kenneth Sedlack can you explain what makes Bitcoin worth 8k? Then explain what makes it worth 5.5k when it crashed to that just a few days ago. Eventually you'll see that price bottom out one day and you'll be the pinhead that didn't pull out
I've heard the arguments for and against bitcoin being in a bubble. Whatever you believe, I think it's safest to assume it is a bubble. Don't invest more money than you can afford to lose and always have an exit strategy. I've moved all of my principle investment cash out, so all of my current bitcoin holdings are profit.
Hey Alessio, I'm relatively young, so the only crash I remember was in 2008. But I've been reading books from the best investors and they are all able to spot a bubble or cash on a crash. People are emotional because they want to believe their Bitcoin is safe, but in the markets emotion hurts you. Thank you for the video, it was very informative!
There is an EXTREMELY intelligent trader who has survived and thrived in every market. His philosophy has never been proven wrong, and it still holds today as well as his wealth. His philosophy was simple. Bulls make money. Bears make money. Pigs get slaughtered. If you were not in the right place, at the right time, don't get greedy, because you will lose more than your initial investment and someone will be walking around with your money in their pockets, laughing all the way to the bank.
Except you forgot his opening statement he got burned on the .com bubble same as our parents , sorry but those were his words you cant really take that back :-) , nice try tho
I'd like to think I finally found what I have been looking for all these years as a Bitcoin trader, I wished to earn steady cash flow via Bitcoin and mid-2017 it happened. I have been trading with a strategy called the Blended Model Strategy created by DMITRY VLADISLAV(vladislav@optionstrade .cc). with it I make £24,050 every Month on bitcoin, knowing the ups and downs of the market trend a perfect timing frame. you can search the internet for more information about Vladislav selling strategy with less stress and more profitable.
Very nice video with lots of useful information and thoughts for me at least (i am a programmer not a financial analyst). I have some small amount in bitcoins and i have had already some gains, however i am concerned by the following: How can someone spend something that its price is skyrocketing? I mean lets assume that i can buy a coffee and with the same money i spent on the coffee, next year i could afford to buy a house. Probably i wont spend it at all and hold till it goes higher and higher. So if everyone is doing this, what is the functionality of it? And if it has no actual functionality, that will be i guess the conclusion that might burst the bubble someday. I agree and i understand the notion that as price goes higher, risks increase, e.g some bank might not have the money to liquidate because as they begin to" normally" invest on it with bonds and stocks and all the tools i know nothing about, they will create a bubble upon the bubble. Another reason for a breakdown of the price could be also a major scandal or bankruptcy of a company that deals with bitcoin (e.g. Coinbase) or a hack in the system (dont be so sure that it is so bulletproof, there are some grey areas not solved yet).Finally it is kind of "dont see the elephant in the room way of acting" the fact that we dont know nothing about the creators of it and the secrecy around it, surely this is no good news. Sorry for my many random thoughts just brainstorming i guess. For the moment its like winning the lottery in slow motion as another video i have seen described it. Regards from Greece, again bravo for the exquisite content of your vid.
Sheep Productions One way to look at the current situation is to look at how Bitcoin is being used. Right now it's not being used as a currency, but as a store of value. In these terms if someone gave you a American Gold Eagle, would you go into a shop and spend it at its face value of $1, or sell at its traded value in Gold which was today closed out at $1,310.51? Same issue with Bitcoin. Yes, if someone was selling a newspaper for 1 BTC, you could exchange yours for a newspaper, but would you? No, because you can get a lot more stuff for 17249.99 USD which was Bitcoin's closing price today as I write. Looking at the Blockchain stats, Bitcoin isn't being used as currency, but as an store of value. The number of transactions are static, and comprise of large USD value transactions. It has been argued that these transactions are price baiting, where sellers don't really want to sell but are testing the market price. In these terms, it may be that Bitcoin will never be used as currency as such because it is way too valuable as a value tool for speculators.
Thanks for your answer. I get your point and i am with you on this but the thing is in my opinion that bitcoin is not advertized as a store of value but as a currency that will change all the financial system and make it quick and without charges with power over banks and as for now i see huge charges 13,15 pounds for a transaction and not that quick and exchanges replacing banks maybe... Maybe Litecoin does better on this. OK let's see how this goes. I believe its a disruptive technology but we do not know what to do with blockchain yet.Regards
Gavin Jenkins last month Zimbabwe military rided there capital people expected coup, next day Bitcoin exchange in Zimbabwe hit twice than other countries... Hope now you understand... It's not just currency ,it's a digital gold , you can convert this into other currency..
Since I don't expect Canada to be subject to any coups anytime soon, I'm not sure why this anecdote would have any relevance to me. I mean yes, I agree it makes sense that in utter turmoil, a currency that still works is good to have, and provides value. But the other 99% of the time in stable locations, this isn't an advantage, and in the meantime, the astronomically high fees of bitcoin (over $20 per, versus pennies per transaction for me to keep my bank accounts etc. open) and the glacially slow processing times per transaction make it useless for almost any day to day transactions (other than huge purchases like cars) anywhere OTHER than a war torn anarchy.
Gavin Jenkins Zimbabwe dollar is backed by their GDP, Bitcoin is backed by a technology that is the technology of the future... Huuuuuuuuugggeee difference.
Correction: A technology that you are SPECULATING will be the future. Just like somebody may or may not speculate that Zimbabwe or whatever other nation will remain stable for ____ many years or not. If you're wrong, then the exact same thing can and would happen as did there. And it's not even "Cryptocurrency" in general being the future, that's not good enough, it would have to be SPECIFICALLY bitcoins, which could easily not be the case. There's tons of competitors, and bitcoins has huge problems (stupidly high transaction fees, slow, volatile)
Question: here in Las Vegas, a house sell in 24 hours or 14 days. 3 years after my short sale, im ready to but another house. There’s a war among realtors. Is this normal or the economy is just too good?
While the basics of what he is saying is basically true. Look at the people who held onto or bought and held Amazon or eBay stocks then. Or just after the crash, they are still laughing now! Don't invest what you can't loose and be happy to hold onto through the hard times and crashes! Of course there may be a a crash. But only all the shit coins the 4,000 of them. But people who choose the right coins will he happy in 10-20 years!
Just started following you and this video came up. Alessio wondering do you still have just as strong a conviction that Bitcoin is in a bubble similar to those examples you mention in this video? It's been 3yrs since you made this video so would be interesting to know your views of bitcoin today.
Well agree to the points 1) Pattern repeat in days,months,years...and its impossible to predict the top or bottom.Yes direction could be predicted.2)About the music very strongly agree 80's or some old music make sense but now music is like (I do not understand what is this)
A career in Bitcoin offers you the opportunity to earn a lot of money, if you have the patience to learn the process and strategies involved or better still get yourself a professional broker
It's no surprise that Bitcoin a secure global and digital currency has claimed the interest of investors. It is open to everyone and provides an exciting opportunity to delve into an entirely new asset class.
The Bitcoin market is highly volatile and the underlying investment should be considered a high risk investment, however investors can avoid these risk with a bit of agility and common sense.
How does this whole Bitcoin thing work, I am interested in it and I am willing and ready to invest heavily in it but I am gonna need an assistant from any trusted and productive professional.
If Bitcoin is indeed a bubble, then why would CME/CBOE launch Bitcoin futures in November 2017? Apparently, most of the institutional players have not entered the space. With 200 billion dollars in market cap, the uptrend could potentially continue. PS( What do you see Etheruem, as it consolidates around $300, possibly forming a symmetrical triangle?)
A last moment cancellation of these futures would be nice bubble-popping event... ;-) what if it is all just trick of old bankers to get rid of cryptocurrencies?
I think that the CME futures are are ready backed into the price of BTC. When the futures are launched we can actually see a selloff soon afterwards. Buy the rumor sell the fact.
It would be nice if you said why the bubble occurred. I.e tulips because it became cheap to import so lost value. .Com promised profits and failed to deliver. Bitcoin....? Etc I can see the correlation between the graphs and that seems interesting for sure, but there was just graphs and some quotes with loud noises but not much substance imo
But imo I there aren't many Microsoft's like there are cryptos. Id rather purchase ICOs and see how they play out. Why buy a market when the sentiment on it is either super bullish or 🐻 ISH. That's a huge trap
I like your point of view, it's refreshing to listen to someone that has been around long enough to have some common sense! I find it kind of sad to see 17 year old kids making 1.5% a day on paper and thinking its normal while promoting ponzis out of a lack of perspective. I lived the dot com bubble and it hit me when i walked in the metro and saw an advertizing of Altamira showing returns of 100% over a year...
haha. Yeah it is funny to see all of these millenials thinking that they are market geniuses because they are making money in a market that is going parabolic. They will have to learn the hard way. Their paper profits will evaporate and then they will be scratching their heads in disbelief saying...,"but blockchain this and blockchain that"
Thats pretty much it TravelerPat. when everyone who has thought about investing has invested there won't be those massive rises every day. The big fish will want to cash in before a drop, causing it to drop further. It'll be the little guys that didn't want to miss out, investing late, that end up paying for it.
What you say has some truth to it, but consider the dotcom bubble, in the end most failed because they did not have any real value, but some giants emerged nonetheless. People are trying to find the next amazon, apple, google, youtube, facebook etc. ''Cheap'' is very subjective and hard to quantify in real time. Right now bitcoin has lost 60% of its value, but its falling, therefore it is ''risky'' instead of ''cheap'', but in 6 months if it goes to 30k, you will look back and say that you should have bought when it was ''cheap''. You can't really hold it against people to try and better their circumstances...
> "doesn't generate revenue" A USD bill doesn't generates revenue. > "has no physical use" A USD bill has no physical use. > "can be copied easily" A USD bill can be copied, which makes it by definition a fake one. > "When it was cheap" [ "Crypto FX Trading" already replied to this ] > "people are still trying to lure other people in to keep inflating the price." Other people will lure you into buying gold or stocks or whatever, and it's not to "keep inflating the price" ( like they could... ), but because they have a business in trading gold or stocks or whatever.
Welp, this pinhead is sitting really pretty right now. LMFAO. Love when TH-cam has a sense of humor. Thanks for the laugh. Hopefully you’ve educated yourself since this.
You make money in a bubble by being lucky. If people could reliably strategically (not just luckily) predict when a bubble crests, it wouldn't have shot up so quickly in the first place, because the people would have stopped buying it just beforehand knowing they wouldn't be able to sell it, and so on down the line. The core driving force of a steep jump up IS and DEPENDS on not knowing the peak. Yet if you hold onto it beyond the peak, you lose it all, basically (not all the value, all your over-value, which can still be crippling). So... it's just basically straight up gambling. Gambling can still make you rich, of course, but there's no way to guarantee you will make money. You just rolling dice, and you may or may not get lucky.
laughing at all the hate comments. Pls respect this dude, he has been spot on many times. nobody is perfect, but I still trust Alessio over your hate comments
Krum How is the 20 trillion debt a bubble? The USD is the world reserve currency. The ratio of debt to gdp in the US is only 1.02... China has one that is 2.6, and it's not even a reserve currency. Debt bubbles usually are indicated if that ratio is over two in an emerging market. Learn some economics.
When you see the biggest crash of your lifes you will not belive, USD isn't more mundial reserve. In this moment the debt it's a big fat ugle bubble, everyting it's in bubble. Prepare yourself for the big crash more that 1929. Good luck
The concept also has nothing to do with stocks, if you watch the video he uses several non stock examples as well. It's a concept inherent to simply markets, period. Stock markets, housing markets, vacuum cleaner markets, and currency markets. Any time people are swapping shit for some other different shit, the psychology functions the same. In this case, it's a crypto currency being swapped for a fiat currency... that swapping is in the form of a market. Just like any other market as far as the relevant psychology goes that drives the rates.
But is there any reason for it to burst? In a stock, just because it goes up it doesn't mean it has to go down. Are any of the reasons the other bubbles burst similair to bitcoin?
Craig Doty I guess in this case it would be due to the fact that there's so much new money in btc with so many people that don't know what the fuck they're doing or talking about (as shown in too many comments around the internet), getting in through fear of missing out or unreasonable optimism and staking too much (unstable buy ins). So when something happens like a bit of bad news, an exchange fucking up, or new money decelerates coming in, or whales sell off etc. then there's a massive panic sell from all the new heads, and boom it slides down. But there's legit technology here with real world application and a possible place in the future, so it probably won't crash all the way down for good. It should probably rise again with another hype rally, or changes that make it truly used widespread, in which case bitcoin goes up naturally due to its scarcity, limited supply. (unless something huge happens like government regulation, or people jump onto a better Crypto which arguably already exist) But who knows what will happen man
Hysterrical comments made here by average joe's = time to stop putting fiat on cryptos (I'm not gonna sell now, just waiting for amazon to accept cryptos)
amazon won't pick up crypto! Not now... prices are changing to fast and bitcoin is to slow... when i buy a thing for 10 bucks in bitcoin. the price could go down and amazon would lose a tone of cash- thats why it won't work. best example steam...
I have a feeling this video will be valid again later this year. I just hope less people sell their homes for bitcoin at a new ATH. Surely they saw what happened in 2017...
Let me ask this tho do you really think bitcoin is going to crash? Not pull back or correct at times but crash to nothing ? Bitcoin is being accepted as a currency
Thanx. I like your rational views, I also think BTC didn't get to its top yet. Btw I prefer movies and music of 60.
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All this refers to the value themarket THINK an asset can have. How about we start thinking in terms of value an asset HAS for real? How can one possibly compare bitcoin and tulips and dotcoms just on the price ramp-up and ignore all the rest?
YES BUT all of those examples of the past had real world historical reasons why they crashed - You can't just look at graphs you have to look at history and people. We are not computer algorithms like we're in some fictitious Matrix. Bitcoin will crash again sure, but not because a of some graph. At the moment a lot of the stock market functions on computer algorithms. Those algorithms are based on historical patterns of data without taking into consideration why - AND YES if they suddenly 'decide' [calculate] that the market will crash they will influence emotional traders - scaring all the pigeons. DO YOUR RESEARCH. What is the asset used for Will it deliver on its promise What is the bullshit and when will people figure it out Everyone is buying into Bitcoin and pretty soon someone is going to sell. At that point the next and eventually like a flock of pigeons they will all panic - Those that leave too late will be left holding the bag - those that get out early will have succeeded in running off with everyone else's money ...and that's how it works. The money never gets invented it just changes hands AND A LOT of this has been Government issued monopoly money - Although they call it Quantitative Easing because it sounds more sexy. - LOL - what a lovely Euphemism. So clinical, so Government. Right up there with other lies like Collateral Damage and Corporate Restructure. ...Something big is coming and when the music stops you better have a chair. AND THAT CHAIR BETTER NOT BE MONOPOLY MONEY OR SHARES. When the shit happens people are going to need Free Energy, Health, Food and to know their assets are safe. If you have done well out of this you may want to make sure you have all those bases covered - Buy Gold, buy a boat and a fishing rod and go sailing for the next 10 years :)
All of Bitcoin's information is available. All transactions are saved on a distributed ledger, and Bitcoin's code is open source so you can literally see how the network is made up.
Mate, great video, but you need to slow down a bit... I had to check if the video was running at 1x because I sometimes change it and you look like you are doing it at 1,5x.... Keep the good work
You are right, "the future is digital, it's only the beginning". But what the video did not mention is that the majority of people investing into bitcoin, is invested in bitcoin as stock and not a currency. This all started with the SegWit fork where people were throwing money at bitcoin in hopes of making free money, this caused a feedback loop where more people wanted to throw money at bitcoin to make free money. This is what makes a bubble, a bubble. So this feedback loop started when bitcoin was less than $ 3 000.00 in August with the SegWit fork, and is now at $19198.10 only four months later. Bitcoin is a currency that cannot be used as a currency because buying something with bitcoin while its value is expected to rise every week is stupid. Once this stop, investors looking for quick money pulls out causing a chain reaction on all the investors that is looking for quick money. This is what makes a bubble pop. **Is this proof that bitcoin is a bubble?** That all hinges on if the investors since august truly believes in bitcoin as a currency or not. Looking at the bitcoin usage chart from blockchain, it shows us that there is not an upwards slope of adoption and usage rate. Stats implies bubble intentions from investors.
" But what the video did not mention is that the majority of people investing into bitcoin, is invested in bitcoin as stock and not a currency." just wait for lightning network
Looking back on this, it makes me smile. So many people were in disbelief saying Bitcoin was going to a million. Yet, Alessio was right and we even crashed to much lower prices than the 7-8k in this video.
HI Alessio, I owe you a beer! I watcher this very video in the beginning of december 2017 and it was one of the deciding factors to sell all my bitcoin around December 13 about a week before the crash at almost top price. Looking back from todays perspective it was a great decision. Thank you!
I have not seen this video way back in november... This could save me from this btc bubble, however I HODL from June 2017 until now ,,, I was laughing for my stupidity ... Lesson learned... Thanks Allesio ! Im gonna listen to you
Hi Alessio, I'm one of those where not present during the tech bubble during my young age. How can I educate myself about finance (advanced knowledge ) to know how to behave during these bubbles. Do you recommend any books for people in my age that are new to this whole thing ? Thanks
Bitcoin rose another 10k since this video, do you want to learn from someone who is wrong? The point is this fear mongering will help you avoid the crash by not participating but you won't have any money to lose anyway by listening to his advice because he kept you from making it to begin with!!
It's hard to know when get out. I think when Bitcoin loose 10% then get out and wait a month for example, keep watching markets. Good video, keep going ;)
With all three bubbles. Bitcoin will also come out of the bubbles better than it was before. Meaning the bottom after(in 2018) is higher than the price it was before the bubble formed. That price is about $2000 before the bubble. So that means Bitcoin will remain well above that. I took the data and found this. If the bubble has fully taken place and the market has finished it's movement than one can say that each time BTC has a bubble it has ~half the magnitude of the previous one. Taking that into account(and that Bitcoin seems to form a bubble every 2 or 3 years). Than we will see bitcoin slowly recover toward a price of $36,000 by the end of 2019. In 2020 is when the next bubble forms(an I'm pretty friken sure it will). That bubble(based on math and the halving of magnitude). Brings Bitcoin to a staggering $168,000 at the peak in late 2020, and just like in 2011, and 2013, and 2017 that bubble too will pop. The price BTC drops to is roughly $90,000, So just like now we will hear about those who bought at $168,000 and lost alot of money when it crashes to $90k. Each "peak" in Bitcoins bubbles has been ~half the previous one. 2013 peak was 36 times higher than 2011's. And 2017's peak was 18 times higher. So one can make an easy guess and say the next massive bubble will be 8 or 9 times higher than the 2017 bubble.
My thoughts exactly. People are saying the price of bitcoin will keep going up, but haven't studied market trends from previous decades. Get in and get out is best strategy. The price of bitcoin has already gone down $2k in the past 24 hours. Cryptocurrency is a volatile market.
I'm going to quit day trading and become a plumber.
best comment
This guy didn't get the point of crypto coins and blockchain technology. Sorry man but block chain is here to stay! I understand his frustration, he was learning all life to make money and now he us watching bunch of kids making lot of money over night...
Soon they will change Grux. The reason Bitcoin going to the roof because of new buyers.
More people find out the more we make, yes we the ones playing with Bitcoin for years, sit and hold and some nice ICO'S
Lol
you won the internet for today
Bitcoin will go up FOREVER.
Pretty soon one Bitcoin will be worth more than the entire planet.
Soon, intergalactic civilizations will be trading entire star systems for one measly Bitcoin.
You heard it here first.
Belleville197 Interesting.
love it
... and all computers will become at least 256 bit and going up just to be able to store the value of bitcoin.
I would buy a Bitcoin for 1 Andromeda galaxy is that viable now?
I must be in the wrong business than
he was 100% on the spot.
hehehe watching today... Need to refresh them memories lol
@@davidyaot lol
he was 100% on the spot.? 69 K
I thought this video was a joke when I watched in December. Now I am crying lost 60k on BTC
Sudhir G B HODL!!
sorry for you, just to cheer you up.. I lost 5 lac :(
I lost 250k usd brother don't worry
Unbelievable.
How are your bitcoins nowadays? still hodling? Or sold them? Hope you took the amazing opportunities from 2019 and 2020.
Everything comes to an end. It's true. Bitcoin is no different. We can still ride the bubble to get rich or go broke. it's part of the game.
In hindsight, the timing of this video is epic!
Who said bitcoin hasn’t crashed? I’ve been through 4 or 5 big ones already from 2012. My first was from 30 dollars each to about 2. 😮. Hodl and hang tight 😂
Repeccc. Hope it brings back memories;)
Woww. Even 7K for BTC seemed like a bubble back then. Now people will be crazy to get in for that price. Alessio , your vision has not changed ever since. principles remain the same.
Anytime someone compares crypto currency to traditional stocks on TH-cam plz stop watching and buy more bitcoin
you !!! ... i like you
We will come back to this comment when we are all rich and this guy regrets not buying any btc lol.
If gold can crash - so can BTC
His points are valid, he admits there’s money to be made, just be careful. He never said he didn’t buy bitcoin. Crypto investors should be less defensive to alternative viewpoints and question whether they are making unbiased decisions, or are too emotionally attached to heed warning.
emoadatfkid by the time it crashes you’re only going to with u invested more! I say that bc the only way this thing crashes is if people not gov decide that bitcoin is worth too much!
No bubble will form if it absorbs the value of literally EVERYTHING on earth
Lol wake up people life itself is a bubble, financial bubbles are only tiny fraction of the whole bubble equation.
People who died mostly never thought its gonna happen.
Indeed... one day the most beautiful girl in the world falls in love with you, then, the next day, she dumps you for a douche, then you end up sleeping on the streets XD
Alessio is on point as usual…everyone needs to watch this every quarter
The difference between btc and 'the internet bubble' is that companies promised profit. BTC delivers on its promise: a decentralised currency managed by we the people and uncrashable. However, if you lose your btc key then there is no one to call. Its the only main issue. Personaly I found secondary issues with btc and prefer Monero.
Hi Alessio, you are right, psychological effect is strong with BTC. But as long as it's individuals gambling their savings then its not too dangerous.
What I fear is that big corps see a much higher return in this and move away from the stock exchange, leaving companies without the funds to stay afloat. And the price of gold drop because no one is bothered in long term inflation hedge. They saw that it was possible to get triple digit returns and want 500% per year, regardless if its with a secured virtual currency like BTC or another. The outcome will be very sad, as without the funds, companies will close and unemployment will rise. I hope I'm being pessimistic. But our greed could well lead us to our collapse.
Ok, I recently lost a $100 bill. Who should I call?
Lucky Dom ICO will be the end of the bitcoin. Why would anyone buy bitcoins which are worth nothing while he can have worth something ICO. It's just needed some big company as a cryptostok ICO then people will realize what's the real value of bitcoin is. I could buy cryptostoks of Coca-Cola but never worthless bitcoins.
When more people join the network the more people start transacting in Bitcoin /crypto...it's only Wall Street crooks that cause the crash
Lucky Dom
So when it does crash, what are you predicting will be the lowest price of BTC?
When Bitcoin corrected from $7880 (ATH) to $5500 last night, that would be viewed as a bubble popping in most markets. It’s a severe correction of 30% in a few days. Why aren’t people saying the Bitcoin bubble has already popped? What percentage of a correction would qualify as a bubble popping? Thank you for any feedback.
Hi Ray P, bitcoin has gone through 4 bubbles in the past, everyone remembers the 2013 bubble. but that's isn't even the biggest bubble bitcoin has had.. in 2011 bitcoin went up to $30 and crash down to $0.25.. that was the 2nd biggest bubble. the biggest bubble is when bitcoin went 0.0001 to $1... I expect we will have another 2-3 bubble before we have mass adoption. I think the bottom at the most is around $1000 becuase thats is how much it cost to mine a bitcoin at this moment in time.
Thank you Ritchie
Bitcoin vs 2001 tech stock market crash. Tech stock companies never rebounded. And Bitcoin continues to correct itself even after high gains. Worldwide investment of Bitcoin is taking place, whereas the US stock market in 2001 didn't have the global investment outreach and following that Bitcoin currently has. Countries are using Bitcoin as currency and you couldn't really do global trade with tech stocks.
People in Korea, Japan, Europe, Africa, Russia, and South America are investing in blockchain and mining technology to make Bitcoin work and reach its full potential, whereas, people couldn't do that with tech stocks. So there is a difference. You can't compare tulips to blockchain, and you cant compare tech stocks to blockchain. It's completely different this time. Bitcoin is the current leader and the Rolex brand in crypto. One day something else will be, when people stop supporting Bitcoins blockchain.
Im sorry, but the Bitcoin bubble won't happen until something better is invented or until investors or miners put their faith into a different crypto.
Cannot agree more :) , very well said!!!!
Blockchain Diagnosis
Watching this now... wish I watched this one earlier...
This comment didn’t age well, neither did the video 😉
Don't see crypto like a new "hot stock bubble". Bitcoin (and others) herald a fundamentally different type of asset class, a new type of money, and one with properties the existing financial system can't replicate.
Think: Letters -> Fax -> Email
Email bubble?
Can I just say how perfectly on point this example actually is. Well done sir.
Ryan Davies well said, couldn't agree more. 👌
that doesn't make any sense
Yes, I fully agree.
In terms of price the market may well get ahead of itself and overshoot, as part of price discovery.
In terms of usage/the way we think about money/new qualities and systems, (letter -> fax -> email), the current excitement/noise is signalling more of an adoption curve, and a one-way shift, rather than boom-bust. And if that is the case, IMHO, the value/price in the long term will reflect that.
Ryan Davies I think u all guys invested in bitcoin .
Watching this in early 2021, very helpful still!
intrinsic value of bitcoin is the madness of humans
Yes, Bitcoin rising in price is due to speculation. People wanting to get rich.
Well put, Jorge. Zero intrinsic value, yet an insatiable clamoring to buy.
what are you saying? that means bitcoin will go to infinity? if that is the intrinsic value.
+NoFavours that's what i was thinking
Intrinsic value is the value that resides within a particular item;. in other words, items with intrinsic value have utility outside of an exchange medium. For example, a bar of gold may not be considered a medium of exchange in a particular society, yet it still contains some intrinsic value as it can be used for conducting electricity, jewelry, etc. An electronic crypto-currency does not contain any intrinsic value whatsoever as it acts as a store of value and medium of exchange for those that agree and accept its value. Bitcoin's value is only determined by the value placed on it by those who try to recognize this currency as an accepted medium of exchange. Bitcoin's value will not approach infinity. That would be ludicrous to think. The probability of collapse is far likelier than global currency acceptance given that opposing forces (banks, governments, etc.) will seek regulatory action and may prevent Bitcoin transactions at some point in the future.
Looking back nine months on, you were spot on! Many people will be wishing that they had watched this video before the bitcoin crash last December.
When everyone saying it's bubble you know it's time to buy
Vin Laurens everyone is buying? lol not even 1% of population knows about bitcoin/crypto. and 30% of that 1% population actually invest in crypto.
A McT you just got trolled my friend 😂
well good luck then
Alessio , am one of your followers and respect your work and effort .what like to know what you think today about this video you made 3 years ago .
Why don't we compare bitcoin to the facebook stock rising 1000% in 5 years due to the number of users increase in the network?
amine adine bitcoin raised 1000% in a year not 5 but I get what you mean but Facebook is not a bubble
I believe that precisely that's the point of Amine , neither is bitcoin !
Sesamestreet9080 why is Facebook not a bubble? It's the community who is strengthening this 'website' called Facebook.com, why is it so special? Why can't it be with Bitcoin? There is a huge eco system: user's, community, developers, tens and tens of thousands of nodes securing the network, specialized mining hardware, etc...
Movie2Documentary fAcebook brings a lot of things into such as ads , selling , company fans or fans and marketing
Sesamestreet9080 yeah, but why would I not copy Facebook. It's just a website? And paste it? Because facebook is what the community is. The same with Bitcoin. Facebook/Bitcoin would not succeed without it's community.
Is it time to get out of the bubble yet?
these bubble markets you speak of were'nt in 200 countries" only bubble thats gonna pop is your ego" when this technology helps uplift humanity from this debt based monetary system" the root cause of most problems in the world"
Kenneth Sedlack Absolutely correct! The central banks are the most malevolent force in the world today, responsible for the deaths of millions and the enslavement of billions through debt slavery.
Y the heck don't you address his whole comment, Kenneth Sedlack said "when this technology "helps uplift humanity from this debt based monetary system" the root cause of most problems in the world". Don't you think this makes sense. You seem very selective in what you want to tackle.
Kenneth Sedlack your talking about Blockchain not Bitcoin, he is right Bitcoin wll crash because it is not being used as intended, as a currency, its become a speculative asset. Of course a lot of people wll make a lot of money but many wll lose fortunea when it crashes but Blockchain wlll be the paradigm shifter just like the internet was after the dotcom bubble
Thank you. Very well said and absolutely correct.
Kenneth Sedlack can you explain what makes Bitcoin worth 8k? Then explain what makes it worth 5.5k when it crashed to that just a few days ago. Eventually you'll see that price bottom out one day and you'll be the pinhead that didn't pull out
He was so concerned about 8k when it actually has reached 20k
I've heard the arguments for and against bitcoin being in a bubble. Whatever you believe, I think it's safest to assume it is a bubble. Don't invest more money than you can afford to lose and always have an exit strategy.
I've moved all of my principle investment cash out, so all of my current bitcoin holdings are profit.
Hey Alessio, I'm relatively young, so the only crash I remember was in 2008. But I've been reading books from the best investors and they are all able to spot a bubble or cash on a crash. People are emotional because they want to believe their Bitcoin is safe, but in the markets emotion hurts you. Thank you for the video, it was very informative!
There is an EXTREMELY intelligent trader who has survived and thrived in every market. His philosophy has never been proven wrong, and it still holds today as well as his wealth. His philosophy was simple. Bulls make money. Bears make money. Pigs get slaughtered. If you were not in the right place, at the right time, don't get greedy, because you will lose more than your initial investment and someone will be walking around with your money in their pockets, laughing all the way to the bank.
who the fuck was it?
a trader makes money while all the HODLER losers lose everything
Except you forgot his opening statement he got burned on the .com bubble same as our parents , sorry but those were his words you cant really take that back :-) , nice try tho
I'd like to think I finally found what I have been looking for all these years as a Bitcoin trader, I wished to earn steady cash flow via Bitcoin and mid-2017 it happened. I have been trading with a strategy called the Blended Model Strategy created by DMITRY VLADISLAV(vladislav@optionstrade .cc). with it I make £24,050 every Month on bitcoin, knowing the ups and downs of the market trend a perfect timing frame. you can search the internet for more information about Vladislav selling strategy with less stress and more profitable.
Somehow I saw this video almost 4 years later… this aged very well! Right on spot Alessio, God bless u! 🙋🏻♂️
No, it didn't age well at all. You have learned nothing in 4 years my friend!
Very nice video with lots of useful information and thoughts for me at least (i am a programmer not a financial analyst). I have some small amount in bitcoins and i have had already some gains, however i am concerned by the following: How can someone spend something that its price is skyrocketing? I mean lets assume that i can buy a coffee and with the same money i spent on the coffee, next year i could afford to buy a house. Probably i wont spend it at all and hold till it goes higher and higher. So if everyone is doing this, what is the functionality of it? And if it has no actual functionality, that will be i guess the conclusion that might burst the bubble someday. I agree and i understand the notion that as price goes higher, risks increase, e.g some bank might not have the money to liquidate because as they begin to" normally" invest on it with bonds and stocks and all the tools i know nothing about, they will create a bubble upon the bubble. Another reason for a breakdown of the price could be also a major scandal or bankruptcy of a company that deals with bitcoin (e.g. Coinbase) or a hack in the system (dont be so sure that it is so bulletproof, there are some grey areas not solved yet).Finally it is kind of "dont see the elephant in the room way of acting" the fact that we dont know nothing about the creators of it and the secrecy around it, surely this is no good news. Sorry for my many random thoughts just brainstorming i guess. For the moment its like winning the lottery in slow motion as another video i have seen described it. Regards from Greece, again bravo for the exquisite content of your vid.
Sheep Productions One way to look at the current situation is to look at how Bitcoin is being used. Right now it's not being used as a currency, but as a store of value. In these terms if someone gave you a American Gold Eagle, would you go into a shop and spend it at its face value of $1, or sell at its traded value in Gold which was today closed out at $1,310.51? Same issue with Bitcoin. Yes, if someone was selling a newspaper for 1 BTC, you could exchange yours for a newspaper, but would you? No, because you can get a lot more stuff for 17249.99 USD which was Bitcoin's closing price today as I write. Looking at the Blockchain stats, Bitcoin isn't being used as currency, but as an store of value. The number of transactions are static, and comprise of large USD value transactions. It has been argued that these transactions are price baiting, where sellers don't really want to sell but are testing the market price. In these terms, it may be that Bitcoin will never be used as currency as such because it is way too valuable as a value tool for speculators.
Thanks for your answer. I get your point and i am with you on this but the thing is in my opinion that bitcoin is not advertized as a store of value but as a currency that will change all the financial system and make it quick and without charges with power over banks and as for now i see huge charges 13,15 pounds for a transaction and not that quick and exchanges replacing banks maybe... Maybe Litecoin does better on this. OK let's see how this goes. I believe its a disruptive technology but we do not know what to do with blockchain yet.Regards
Just wonder if we should be worrying at the present Bitcoin rise? And how to protect?
I SUBSCRIBED ONCE HE SAID WHAT THE HELL IS LADY GAGA. LOL
LOVE THIS GUY....
gotta give him credit for that 80s reference. Still, his critique feels inappropriate and unprofessional
Bad choice to believe this idiot.
me 2
the dot com bubbke was concentrated in the US. Bitcoin is a global phenomenon. Most volume is coming from other countries like China and Korea.
Bitcoin is money, understand that :) U are wrong. It will not fall it will just stabilise!
currencies crash all the time, so what? Zimbabwe dollars once got to 1 trillion trillion times inflation against itself some years earlier.
Gavin Jenkins last month Zimbabwe military rided there capital people expected coup, next day Bitcoin exchange in Zimbabwe hit twice than other countries... Hope now you understand... It's not just currency ,it's a digital gold , you can convert this into other currency..
Since I don't expect Canada to be subject to any coups anytime soon, I'm not sure why this anecdote would have any relevance to me. I mean yes, I agree it makes sense that in utter turmoil, a currency that still works is good to have, and provides value. But the other 99% of the time in stable locations, this isn't an advantage, and in the meantime, the astronomically high fees of bitcoin (over $20 per, versus pennies per transaction for me to keep my bank accounts etc. open) and the glacially slow processing times per transaction make it useless for almost any day to day transactions (other than huge purchases like cars) anywhere OTHER than a war torn anarchy.
Gavin Jenkins Zimbabwe dollar is backed by their GDP, Bitcoin is backed by a technology that is the technology of the future... Huuuuuuuuugggeee difference.
Correction: A technology that you are SPECULATING will be the future. Just like somebody may or may not speculate that Zimbabwe or whatever other nation will remain stable for ____ many years or not. If you're wrong, then the exact same thing can and would happen as did there. And it's not even "Cryptocurrency" in general being the future, that's not good enough, it would have to be SPECIFICALLY bitcoins, which could easily not be the case. There's tons of competitors, and bitcoins has huge problems (stupidly high transaction fees, slow, volatile)
Question: here in Las Vegas, a house sell in 24 hours or 14 days. 3 years after my short sale, im ready to but another house. There’s a war among realtors. Is this normal or the economy is just too good?
wow that escalated too quickly , even to Lady Gaga !
8,000 dolars in nov 2017,
then 20,000 in dic 2017;
then 3,100 in dic 2018,
then 14,000 in jun 2019.... join the roller coaster...
Near $100k today and loving it
While the basics of what he is saying is basically true. Look at the people who held onto or bought and held Amazon or eBay stocks then. Or just after the crash, they are still laughing now!
Don't invest what you can't loose and be happy to hold onto through the hard times and crashes!
Of course there may be a a crash. But only all the shit coins the 4,000 of them.
But people who choose the right coins will he happy in 10-20 years!
Just started following you and this video came up. Alessio wondering do you still have just as strong a conviction that Bitcoin is in a bubble similar to those examples you mention in this video? It's been 3yrs since you made this video so would be interesting to know your views of bitcoin today.
☝️☝️For consultation on investing and proper earning drop a DM.
Dude, I had to put the play speed to 0,75 to get a normal speech speed. Calm down son xD
ftw
you're just gonna throw shade on the 90's during this lolol
Put him on 1.25 speed. Kinda funny
Well agree to the points 1) Pattern repeat in days,months,years...and its impossible to predict the top or bottom.Yes direction could be predicted.2)About the music very strongly agree 80's or some old music make sense but now music is like (I do not understand what is this)
Bitcoin trading right now should be in every wise individual list in few months you will be ecstatic about the decision you made today
Bitcoin trading is much more different from just saving your coins in your wallet. It involves trading Bitcoin under forex
A career in Bitcoin offers you the opportunity to earn a lot of money, if you have the patience to learn the process and strategies involved or better still get yourself a professional broker
It's no surprise that Bitcoin a secure global and digital currency has claimed the interest of investors. It is open to everyone and provides an exciting opportunity to delve into an entirely new asset class.
The Bitcoin market is highly volatile and the underlying investment should be considered a high risk investment, however investors can avoid these risk with a bit of agility and common sense.
How does this whole Bitcoin thing work, I am interested in it and I am willing and ready to invest heavily in it but I am gonna need an assistant from any trusted and productive professional.
How would I calculate the mean reversion for bitcoin? Not aiming to trade it like forex yet, only to invest my fiat when it's low.
If Bitcoin is indeed a bubble, then why would CME/CBOE launch Bitcoin futures in November 2017? Apparently, most of the institutional players have not entered the space. With 200 billion dollars in market cap, the uptrend could potentially continue.
PS( What do you see Etheruem, as it consolidates around $300, possibly forming a symmetrical triangle?)
Also the futures don‘t mean that they are realising any of these things.... just saying
A last moment cancellation of these futures would be nice bubble-popping event... ;-) what if it is all just trick of old bankers to get rid of cryptocurrencies?
Alessio Rastani great video! do you have the one where you teach about how to recognise when to get out of the bubble? Thanx
I think that the CME futures are are ready backed into the price of BTC. When the futures are launched we can actually see a selloff soon afterwards. Buy the rumor sell the fact.
You can short-sell with futures. Although major institutions such as Goldman Sachs getting involved definitely legitimises bitcoin and other CC’s
Listening, what is causing the value to go down?
It would be nice if you said why the bubble occurred. I.e tulips because it became cheap to import so lost value. .Com promised profits and failed to deliver. Bitcoin....? Etc I can see the correlation between the graphs and that seems interesting for sure, but there was just graphs and some quotes with loud noises but not much substance imo
Also maybe an example of when a supposed bubble never burst to balance?
microsoft/facebook are bubbles themselves that never burst but leveled out, buying bitcoin is like buying microsoft stock in 1985 :)
But imo I there aren't many Microsoft's like there are cryptos. Id rather purchase ICOs and see how they play out. Why buy a market when the sentiment on it is either super bullish or 🐻 ISH. That's a huge trap
M8 he was so right befor that all happend
OF COURSE~
This is what I learned in this video: When my plumber is starting to buy bitcoin, I'm selling it.
I like your point of view, it's refreshing to listen to someone that has been around long enough to have some common sense! I find it kind of sad to see 17 year old kids making 1.5% a day on paper and thinking its normal while promoting ponzis out of a lack of perspective. I lived the dot com bubble and it hit me when i walked in the metro and saw an advertizing of Altamira showing returns of 100% over a year...
haha. Yeah it is funny to see all of these millenials thinking that they are market geniuses because they are making money in a market that is going parabolic. They will have to learn the hard way. Their paper profits will evaporate and then they will be scratching their heads in disbelief saying...,"but blockchain this and blockchain that"
Thats pretty much it TravelerPat. when everyone who has thought about investing has invested there won't be those massive rises every day. The big fish will want to cash in before a drop, causing it to drop further. It'll be the little guys that didn't want to miss out, investing late, that end up paying for it.
> "it is funny to see all of these millenials"...
Those millennials are laughing at the guys who tell that same story since bitcoin reached $10.
What you say has some truth to it, but consider the dotcom bubble, in the end most failed because they did not have any real value, but some giants emerged nonetheless. People are trying to find the next amazon, apple, google, youtube, facebook etc. ''Cheap'' is very subjective and hard to quantify in real time. Right now bitcoin has lost 60% of its value, but its falling, therefore it is ''risky'' instead of ''cheap'', but in 6 months if it goes to 30k, you will look back and say that you should have bought when it was ''cheap''. You can't really hold it against people to try and better their circumstances...
> "doesn't generate revenue"
A USD bill doesn't generates revenue.
> "has no physical use"
A USD bill has no physical use.
> "can be copied easily"
A USD bill can be copied, which makes it by definition a fake one.
> "When it was cheap"
[ "Crypto FX Trading" already replied to this ]
> "people are still trying to lure other people in to keep inflating the price."
Other people will lure you into buying gold or stocks or whatever, and it's not to "keep inflating the price" ( like they could... ), but because they have a business in trading gold or stocks or whatever.
Nothing is more amusing than reading the comments in June 2018
I don't think you know what a bubble is..this is bitcoin we're talking about..
How would you short bitcoin?
And how is Nasdaq doing today? Exactly. Hold your btc, all will be fine..
Nik Dinev after the dot com bubble ended, every one stopped using the Internet. Remember??? 🙄
Nik Dinev true hold for years
Welp, this pinhead is sitting really pretty right now. LMFAO. Love when TH-cam has a sense of humor. Thanks for the laugh. Hopefully you’ve educated yourself since this.
got to give the props for the Only fools and horses reference.
"A whole year's salary, the price of a house" ...Im having trouble seeing myself ever owning a house
The question isnt about if bitcoin is a bubble or not, its about how you can make money from it.
You make money in a bubble by being lucky. If people could reliably strategically (not just luckily) predict when a bubble crests, it wouldn't have shot up so quickly in the first place, because the people would have stopped buying it just beforehand knowing they wouldn't be able to sell it, and so on down the line. The core driving force of a steep jump up IS and DEPENDS on not knowing the peak.
Yet if you hold onto it beyond the peak, you lose it all, basically (not all the value, all your over-value, which can still be crippling). So... it's just basically straight up gambling. Gambling can still make you rich, of course, but there's no way to guarantee you will make money. You just rolling dice, and you may or may not get lucky.
Lucky or smart?
bitcoin is money
laughing at all the hate comments. Pls respect this dude, he has been spot on many times. nobody is perfect, but I still trust Alessio over your hate comments
What do you mean money to be made? Do you mean the 20 trillion debt USD bubble? I think you are in the real bubble my friend.
Krum Totin yeah, this Guy not seeing the right picture xD
Krum How is the 20 trillion debt a bubble? The USD is the world reserve currency. The ratio of debt to gdp in the US is only 1.02... China has one that is 2.6, and it's not even a reserve currency. Debt bubbles usually are indicated if that ratio is over two in an emerging market. Learn some economics.
When you see the biggest crash of your lifes you will not belive, USD isn't more mundial reserve. In this moment the debt it's a big fat ugle bubble, everyting it's in bubble. Prepare yourself for the big crash more that 1929. Good luck
Speculation much? Where is the evidence? Let me guess, you bought BTC over $10,000? HAHAHA.
The amount of currency doesn't matter. It's all about scaling. 0.00001bitcoin could equal 1 euro. l2p.
Well, 8-9 months ago the average comment was: "you should be informed on the blockchain, it can never crash" :D
NASDAQ is a collection of companies. Cryptocurrancy has nothing to do with stocks haha
The concept also has nothing to do with stocks, if you watch the video he uses several non stock examples as well. It's a concept inherent to simply markets, period. Stock markets, housing markets, vacuum cleaner markets, and currency markets. Any time people are swapping shit for some other different shit, the psychology functions the same. In this case, it's a crypto currency being swapped for a fiat currency... that swapping is in the form of a market. Just like any other market as far as the relevant psychology goes that drives the rates.
But is there any reason for it to burst? In a stock, just because it goes up it doesn't mean it has to go down. Are any of the reasons the other bubbles burst similair to bitcoin?
Craig Doty I guess in this case it would be due to the fact that there's so much new money in btc with so many people that don't know what the fuck they're doing or talking about (as shown in too many comments around the internet), getting in through fear of missing out or unreasonable optimism and staking too much (unstable buy ins).
So when something happens like a bit of bad news, an exchange fucking up, or new money decelerates coming in, or whales sell off etc. then there's a massive panic sell from all the new heads, and boom it slides down.
But there's legit technology here with real world application and a possible place in the future, so it probably won't crash all the way down for good.
It should probably rise again with another hype rally, or changes that make it truly used widespread, in which case bitcoin goes up naturally due to its scarcity, limited supply. (unless something huge happens like government regulation, or people jump onto a better Crypto which arguably already exist)
But who knows what will happen man
Bitcoin will never stop going up, up and up.
not true
@@jeremikossak9553 lol, it's true
True
TH-cam algorithm DOES work sometimes. YT suggested me this video on my home screen. I watched it 3 years ago.
Hysterrical comments made here by average joe's = time to stop putting fiat on cryptos (I'm not gonna sell now, just waiting for amazon to accept cryptos)
amazon won't pick up crypto! Not now... prices are changing to fast and bitcoin is to slow... when i buy a thing for 10 bucks in bitcoin. the price could go down and amazon would lose a tone of cash- thats why it won't work.
best example steam...
ebayt are considering it.
DaBautz- Clash Royale & Monster Warlord Apmex accepts it and they are big
you already have amazon with crypto go to purse.io
I have a feeling this video will be valid again later this year. I just hope less people sell their homes for bitcoin at a new ATH. Surely they saw what happened in 2017...
....madonna.... lady gaga is madonna. boom. explained
Yup, the 80’s had the best music. You’re absolutely right, Bitcoin did crash and testing the low as we speak. Great video Bro!
I am buying GOLD!
in world of warcraft?
qaz wsx lol
Peter? Lol
Let me ask this tho do you really think bitcoin is going to crash? Not pull back or correct at times but crash to nothing ? Bitcoin is being accepted as a currency
Thanx. I like your rational views, I also think BTC didn't get to its top yet. Btw I prefer movies and music of 60.
All this refers to the value themarket THINK an asset can have. How about we start thinking in terms of value an asset HAS for real? How can one possibly compare bitcoin and tulips and dotcoms just on the price ramp-up and ignore all the rest?
YES BUT all of those examples of the past had real world historical reasons why they crashed - You can't just look at graphs you have to look at history and people. We are not computer algorithms like we're in some fictitious Matrix.
Bitcoin will crash again sure, but not because a of some graph. At the moment a lot of the stock market functions on computer algorithms. Those algorithms are based on historical patterns of data without taking into consideration why - AND YES if they suddenly 'decide' [calculate] that the market will crash they will influence emotional traders - scaring all the pigeons.
DO YOUR RESEARCH.
What is the asset used for
Will it deliver on its promise
What is the bullshit and when will people figure it out
Everyone is buying into Bitcoin and pretty soon someone is going to sell. At that point the next and eventually like a flock of pigeons they will all panic - Those that leave too late will be left holding the bag - those that get out early will have succeeded in running off with everyone else's money
...and that's how it works. The money never gets invented it just changes hands AND A LOT of this has been Government issued monopoly money - Although they call it Quantitative Easing because it sounds more sexy.
- LOL - what a lovely Euphemism. So clinical, so Government. Right up there with other lies like Collateral Damage and Corporate Restructure.
...Something big is coming and when the music stops you better have a chair. AND THAT CHAIR BETTER NOT BE MONOPOLY MONEY OR SHARES.
When the shit happens people are going to need Free Energy, Health, Food and to know their assets are safe. If you have done well out of this you may want to make sure you have all those bases covered - Buy Gold, buy a boat and a fishing rod and go sailing for the next 10 years :)
what's your take now?
Bitcoin doesn''t have the financial reporting requirements that stocks do. There's no information on it, because, it's not an equity.
Tulips doesn't have the financial reporting requirements that stocks do. There's no information on it, because, it's not an equity.
Tulip mania was more than just a bubble
en.wikipedia.org/wiki/Tulip_mania#Legal_changes
Keeping Up Funny that because I could have sworn it behaves like one.
All of Bitcoin's information is available. All transactions are saved on a distributed ledger, and Bitcoin's code is open source so you can literally see how the network is made up.
Mate, great video, but you need to slow down a bit... I had to check if the video was running at 1x because I sometimes change it and you look like you are doing it at 1,5x.... Keep the good work
He has no clue ab blockchain, the future is digital, it's only the beginning..!
You are right, "the future is digital, it's only the beginning".
But what the video did not mention is that the majority of people investing into bitcoin, is invested in bitcoin as stock and not a currency.
This all started with the SegWit fork where people were throwing money at bitcoin in hopes of making free money, this caused a feedback loop where more people wanted to throw money at bitcoin to make free money. This is what makes a bubble, a bubble. So this feedback loop started when bitcoin was less than $ 3 000.00 in August with the SegWit fork, and is now at $19198.10 only four months later.
Bitcoin is a currency that cannot be used as a currency because buying something with bitcoin while its value is expected to rise every week is stupid. Once this stop, investors looking for quick money pulls out causing a chain reaction on all the investors that is looking for quick money. This is what makes a bubble pop.
**Is this proof that bitcoin is a bubble?**
That all hinges on if the investors since august truly believes in bitcoin as a currency or not. Looking at the bitcoin usage chart from blockchain, it shows us that there is not an upwards slope of adoption and usage rate. Stats implies bubble intentions from investors.
what now ? 6000$ ?? surprise moron / pin head
what about now
" But what the video did not mention is that the majority of people investing into bitcoin, is invested in bitcoin as stock and not a currency." just wait for lightning network
KevG8 dude ot it will bounce back. But this guy is smart af nd have many years of experience.
Looking back on this, it makes me smile. So many people were in disbelief saying Bitcoin was going to a million. Yet, Alessio was right and we even crashed to much lower prices than the 7-8k in this video.
BitCoin isn't a stock, but If it crashes, that's time to BUY it.
HI Alessio, I owe you a beer! I watcher this very video in the beginning of december 2017 and it was one of the deciding factors to sell all my bitcoin around December 13 about a week before the crash at almost top price. Looking back from todays perspective it was a great decision. Thank you!
Hope you bought back otherwise Alessio is owning you loooots of beers
I wish i had seen this video when you uploaded it. You really hit the spot there. Following you from today onwards
Hi Alessio, just found this video again, time to blow off the dust and spruce it up for 2021/22!
so whats shorting against bitcoin then
can i see a little more of that chart? can we see what happened 10 years after that crash? i want to learn so much more from you.
I have not seen this video way back in november... This could save me from this btc bubble, however I HODL from June 2017 until now ,,, I was laughing for my stupidity ... Lesson learned... Thanks Allesio ! Im gonna listen to you
What's Directon?
Are we talking a month? 6? a year? 5? any idea or just when it becomes mainstream? shit i traded most of mine when i thought it would crash at $1300
How then do we avoid the fiat bubble if we shouldn't buy crypto?
Thanks Alessio for the awareness video!! Would like to stay tuned to your channel...
Hi Alessio, I'm one of those where not present during the tech bubble during my young age. How can I educate myself about finance (advanced knowledge ) to know how to behave during these bubbles. Do you recommend any books for people in my age that are new to this whole thing ? Thanks
Bitcoin rose another 10k since this video, do you want to learn from someone who is wrong? The point is this fear mongering will help you avoid the crash by not participating but you won't have any money to lose anyway by listening to his advice because he kept you from making it to begin with!!
It's hard to know when get out. I think when Bitcoin loose 10% then get out and wait a month for example, keep watching markets. Good video, keep going ;)
With all three bubbles. Bitcoin will also come out of the bubbles better than it was before. Meaning the bottom after(in 2018) is higher than the price it was before the bubble formed. That price is about $2000 before the bubble. So that means Bitcoin will remain well above that. I took the data and found this. If the bubble has fully taken place and the market has finished it's movement than one can say that each time BTC has a bubble it has ~half the magnitude of the previous one. Taking that into account(and that Bitcoin seems to form a bubble every 2 or 3 years). Than we will see bitcoin slowly recover toward a price of $36,000 by the end of 2019. In 2020 is when the next bubble forms(an I'm pretty friken sure it will). That bubble(based on math and the halving of magnitude). Brings Bitcoin to a staggering $168,000 at the peak in late 2020, and just like in 2011, and 2013, and 2017 that bubble too will pop. The price BTC drops to is roughly $90,000, So just like now we will hear about those who bought at $168,000 and lost alot of money when it crashes to $90k. Each "peak" in Bitcoins bubbles has been ~half the previous one. 2013 peak was 36 times higher than 2011's. And 2017's peak was 18 times higher. So one can make an easy guess and say the next massive bubble will be 8 or 9 times higher than the 2017 bubble.
Hi there. Did you short btc? If yes, for how much?
is it possible to short the BTC?
Your view on the 80s and lady gaga made me become even more interested in your videos...
This dude knows it by the way...everyone, watch and learn
OMG! I pulled out at around 18000 because I just couldn't handle the pressure anymore. Wow what a legendary bubble this was! :D
My thoughts exactly. People are saying the price of bitcoin will keep going up, but haven't studied market trends from previous decades. Get in and get out is best strategy. The price of bitcoin has already gone down $2k in the past 24 hours. Cryptocurrency is a volatile market.
But When?