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RE: Cryptocurrencies are in a Bubble - according to Goldman Sachs
It is a bubble and that's not bad. It just means it's unstable and likely many of these coins will be gone before the dust settles.
Between now and when that happens it's the Wild West!
It's an exciting time. Be happy. Not fearful. Just look for the coins that will survive the carnage lol.
Yeah, I agree with that. The last year was the year of all the cryptos, this year investors will likely become more selective. The best products will separate from the poor ones in my opinion. It's time to buy the value long term, but more speculative types may still get a nice income flipping basically anything.
I would say this year is still a 100x market. Next year 10x. By 2020 regulation will be at 100% and coins and products will get wiped out. People will go to bed with $1,000,000 in a coin and they’ll wake up with $0. It will be .com, app bubble, tulip mania all over. However if majors buy up exchanges and criminals keep mining unfairly regulations will come sooner and the bubble will pop earlier. So... its very exciting.
We'll see. Everybody's hoping for the best.