I would like to share with you another article from a Smart Investor magazine. Please take a look and let me know what you think !
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Ich möchte Dir noch einen weiteren Artikel aus dem Smart-Investor-Magazinzeigen. Bitte lese ihn, und lasse mich wissen, was genau denkst du dazu!

„Kryptomania“ Smart Investor „Gold vs. Bitcoin“ November 2017

By Ralph Malisch, publisher of the Smart Investor

For a snack
The first documented bitcoin transaction in the real world The order was worth two Papa John's pizzas together 18 EUR for 10,000 Bitcoin (BTC). The hungry programmer was called Laszlo Hanyecz. The day of the order, the 22. May 2010, went down in the history of Bitcoin as "Pizza Day". The concept of calculating money on your own PC was in progress a good seven years so revolutionary new that this first transaction was hailed as a big hit in the Bitcoin community. Of the Market value of 10,000 bitcoins is given as approx. 30 EUR, corresponds to a price of 0.0030 EUR / BTC. The highest so far achieved above $ 6,000 or $ 5,000 for a bitcoin. For the sake of simplicity, let's use these round numbers, then the price increase since then stately 1,670,000%. Gladly is then calculated, what a the pizzas at today 's courses would have cost the success of the To illustrate cryptogeldes. It is EUR 15 million. Even more impressive is the tip that Hanyecz knows the internet Leave the order for the pizza service for him completed: according to today's assessment, EUR 20 million.

*The mother of all bubbles? *
Do these numbers actually reflect or are a success story? she expresses a gigantic bubble? Even if you have others Outputs used, which mitigates the base effect, remain exorbitant growth. For comparison: one of the best known Speculation bubbles of the story is the tulip mania. These However, "only" led to a tenfold increase in the price level. Scoffers also use tulip bulbs at least something real and the Dutch were still successful today in the tulip business are active, if not at that time called prices. Blistering is also common the dot-com bubble beginning the 2000s in that respect as "trend-setting" for future bubbles can apply as well as pure ideas acted there were securitized at the time as shares and not in shape of tokens. The business plan of the year 2000 corresponds to the pale white "White Paper" of an Altcoin in 2017. The history of speculative bubbles thus provides no evidence a pronounced swarming intelligence of the investing person. Whether crypto-tokens are the mother of all bubbles? That comes up the criteria: biggest price increases? Largest participation of the Population? Highest market capitalization reached in the meantime? Biggest damage to the economy? The bitcoin Bubble would score so far only in the first category.

*Also lacks the crucial criterion of any neat bubble: you has not burst yet. *
Clever heads in the fog Even the brilliant Sir Isaac Newton resigned in the face the collapse of the "South Sea Bubble": "I can do the train calculate the celestial body, but not where to put a crazy one Crowd driving prices. "Former Fed Chairman Alan Greenspan was virtually unable to reliably deliver a "bubble" identify it before it burst. We are with the judgment "Bubble" not quite so miserable. Not because we are smarter, but because we are not responsible for those monetary policies through which Bubbles usually arise first. If real estate, shares and government bonds around the world in a bubble that should not be the case with the fashion theme cryptogeld be different.

Irrational Exuberance
All right, the Bitcoin and most Altcoins are so in a bubble course. And what we do from this? Honestly, nothing. Because bubbles tend to be often to inflate much further than you reasonably expect could. Therefore, the aforementioned Greenspan spoke at the time also from "irrational exuberance". On Expression, which later the Nobel laureate Robert J. Shiller so aptly found that he made him book title in 2000 used. And pfffft, the "dotcom bubble" burst thereon. Oh look, it works. Small flaw: Greenspan coined the term as early as 1996, and that bustle for a full four years, is not least his own Work to "thank".

Ralph Malisch Smart Investor > „Gold vs. Bitcoin“ November 2017

Ralph Malisch Smart Investor > „Gold vs. Bitcoin“ November 2017

Bis Bald !
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See You soon!