Vlog 082 - Has The Cryptocurrency Bubble Burst?

isoliz (58)in #crypto • 8 years ago (edited)

As cryptocurrency continues to get more popular and more people start investing in crypto, a lot of questions start to arise. Namely, has the cryptocurrency bubble burst? Is it too late to get involved in cryptocurrencies?

I think no to both questions.

Right now we are in a very volatile time and some people are losing money. This latest correction has scared off plenty of investors. And that is a good thing. The market could not sustain the type of run-up that has happened in the last year or so. We need this correction.

It is the early adopters that make the most money in any market. That will never change. Then the quick buck artists come in and try to make their money before the bubble bursts. We are seeing that now.

Finally, when the general public gets wind of the opportunity, that usually signals the top of the market. We are approaching that as we speak. Unfortunately, many people will get hurt and lose a lot of money. This is the way all bubble work. I have seen it with my own eyes. I was around for the Dotcom Bubble and the Real Estate Bubble.History may now repeat itself, but it does rhyme.

Crypto is here to stay and after enough novices lose enough money the markets will begin to stabilize and things will get back to normal. Until then, sit back and enjoy the ride.

Check out the previous vlog here: https://steemit.com/vlog/@isoliz/9k7t2ie0

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