The crypto bubble is global in nature
The crypto bubble will be the largest asset bubble ever seen due to its global reach.
Remember hearing about Tulip Mania?
The Nasdaq and the dotcom bubble of the late 90's?
Small potatoes compared to what is coming in the crypto markets.
Why do I think that you may be wondering?
It all has to do with how global this asset is.
This might be the first time an asset bubble can affect every country on the planet. Yes yes I know, you were thinking that the housing crisis in 2008 ended up affecting pretty much the entire globe.
You would be right in those thoughts except that it only affected the entire globe AFTER it burst and the after effects were felt by many different countries in many different regions world wide.
Due mostly to how interconnected our financial markets have become over the last few decades.
Before, it was mostly American's and a few wealthy foreigners buying up US real estate.
However, this crypto bubble is a different animal all together.
This is the first time in history that there will be an asset that is desired by different people in every corner of the world.
(besides gold which is worth close to $7 trillion by the way)
Kids in Indonesia are buying crypto, people in Bangledesh are buying, and don't even get me started on South Korea. They have ATMs and college courses completely dedicated to crypto already.
What is going to happen when these places start getting better ways to purchase these things?
What is going to happen when crypto prices start running up again and everyone tries to get on board all at once?
We are going to see FOMO like we saw back in 2017, except this time there are even more people ready to buy than there were last time.
We have more exchanges, we have more awareness, and we have more institutional money that will be buying on the next surge.
Plus we are starting from a much higher base...
(Source: http://www.bitcointalkradio.com/for-bitcoin-moon-just-wait-till-institutional-investors-show-up/)
Moon time is coming!
Add all that up together and you get a picture of my Mike Novogratz says this won't really feel like a bubble until we are sitting near a $20 trillion market cap.
Remember, there are 7.6 billion people in the world, what happens when a large portion, or even a small portion of them, all want a piece of the crypto action?
Moon!
Put that in your pipe and smoke it.
Stay informed my friends.
Image Source:
https://news.bitcoin.com/abra-finally-launch-global-bitcoin-network-next-month/
Follow me: @jrcornel
I live in the crypto valley and you should see what is going on here, so much activity.
I guess when there is a bear market then the coders start coding instead of looking at price charts or lambo prices
That is interesting. What kinds of things are you seeing out there that the rest of the world may not be?
I like the sounds of that, I'm ready for the bubble, bring it on!!
The bigger the better!
I really don't know if we will be able to call it a bubble as bubble always come down and given the same facts you state, it will drive the value and price higher as it remains in demand. There will be certain coins that moon for speculation and ultimately do not deliver and come crashing down but the value of cryptos in general should remain high as adoption increases and their use proliferates globally.
A bubble just implies inflated asset prices compared to fundamentals. When everything is based on speculation I think a bubble is an accurate description. Though, I think there will be bubbles inflating and bursting within the context of a much larger bubble that will continue to inflate over the next couple years.
Yeah I feel like the term bubble implies a pop that we can't recover from, yet we seem to keep recovering over and over again.
Smaller bubbles inflating and bursting within the context of a much larger bubble that is still in the early stages of inflating. :)
When friends ask me if I want to play poker or go to Vegas I say no, I'm in crypto. It is the best game in town. This is gambling on a global scale with an exponential payout waiting for those who bet right and did their homework. HODL everybody!!!
Except in blackjack you can only win 2.5x your money;) In crypto it could be 10x or even 100x.
Guess I need me a “bubble bath”
👍😂👍
Eagerly but patiently waiting for this to happen
Haha I am done with the patient part. Ten months has been long enough for me. :)
Thats true but it’s not a very long time.
Just waiting for the spark
True.
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Very.
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This is neat, thanks for doing these.
Yeah that would be nice ! :D
I'm guessing summer 2019. Looks like Bitcoin hit the bottom at $5800 and it is very slowly ramping up. An ETF approval might cause some wacky things to happen before then as well.
I think we basically go sideways until a catalyst busts us out of the sideways action. An ETF approval would do the trick.