Why the crypto market is NOT in a BUBBLE!
A lot of people are thinking that we are in a cryptocurrency bubble right now because of the recently high inflated prices. People reffering to the dotcom bubble and the tulip mania which started the same way as the cryptocurrency market.
Looking at the graph below you can see the stages of a product or an innovative product. The innovators are a very small group of people that are in the game from the beginning, which is 2009 for bitcoin. Back then the coin was very cheap and only a few people owned it. Right now we are at the Awareness phase. The crypto market took off and people paid out their profit for the first time.
As you can see from the graph we will see a enormous increase after this dip because the "Public" will get to know the market and a lot of people will start to invest in every coin.
My suggestion is to stay in the game and don't panic sell. You will regret this later.
Keep this chart in mind and sell at the right time which is when the public is investing their money into the cryptos.
When your mom comes to you and says "I have bought some Bitcoin or Steem yesterday" you know it is the time to get out.
Thanks for reading this blog and I hope you will follow this information and make a lot of profit in the end.
What are your thoughts of the best long-term coin?
nice blog , i follow you , please see my blog and if you liked please follow and upvote
Thanks, I will definitely look at your blog!
I totally agree with this.
When your mom comes to you and says "I have bought some Bitcoin or Steem yesterday" you know it is the time to get out.
Exactly! But right now this is not occuring so stay in the game.
Just gotta wait this ride out. It'll jump back up soon enough. Panic selling is literally the worst thing you could do in this situation.
You are right. Keeping it for the long-term is the best thing to do.
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