Bitcoin Bubble Only Getting Started
The bitcoin boom is fuelling more cryptocurrency rallies
The market capitalisations of the two largest cryptocurrencies, bitcoin and ether, have increased by nearly US$40 billion in the past three months. The total cryptocurrency market cap is up by $65 billion (a nearly 300 percent gain) to US$85 billion.
As a result, holders of these currencies are sitting on huge wealth and they are now looking to “diversify” into other cryptocurrencies. This means that instead of being 100 percent in bitcoin and/or ether, investors are looking to take 5 or 10 percent of their cryptocurrency portfolio and buy other cryptocurrencies.
This is fuelling a boom in second-tier cryptocurrencies.
http://www.businessinsider.com/the-bitcoin-bubble-could-just-be-getting-started-2017-5
Many people think it is too late to jump in. I think we ain't seen nothing yet!
I think the crypto currency ära only started especially all the altcoins get attention now and its the beginning of mass adoption and not a bubble in my opinion.
Now mainstream news are covering this it will get wider acceptance, the industry also needs to do its bit to simplify the process of going from fiat to crypto. Thanks for posting.
Oh man. Interesting days ahead. I see everyone already investing in alt coins now... and I am no different.
thanks for sharing
That sounds great, I always believed we should not keep all our eggs in one basket. Diversify investments, Get higher returns.
or at least average returns, which at the stock market is more then what 2/3 of the professionals get.
I never get much about stock market, But I learned a lot about crypto world in a few months, surely there's still a lot to learn.
Great article, thanks for sharing!