Let’s start with the question on everyone’s mind: are we witnessing a bubble?

in #bubble7 years ago

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A variety of analysts, banks and skeptics have all at one point claimed (or continue to claim) that Bitcoin, as well as other cryptocurrencies, are a bubble that could burst at any moment, mostly due to its rapid increase in value.

It took Bitcoin exactly 1,789 days to go from $0 USD to $1,000 USD, and just 13 for it to rise from $6,000 USD to $7,000 USD — to be fair that's pretty quick. Some may view it as a sure tell sign of a bubble, while others realize this is more likely one of many ‘bumps’ in the road that all other currencies, technologies, and industries face in the long-term.
Even though the price correction was one of the steepest in the currency's history, it was just that, a correction. Furthermore, let's look where cryptocurrencies stand in the context of the World's Money:
20180501_182615.png

As shown in the illustration above, for the cryptocurrencies space to scale to the size of the dotcom bubble, or even USD in circulation, widespread adoption will be needed.

Considering that crypto markets are still in early stages (not in a bubble!), the best ICOs that are not just whitepaper companies, will grow even more than the market.

Don’t miss the chance to get on the next big thing.

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