Future of Cryptocurrency for Dummies. Crypto is in Bubble, or is it?

in #cryptocurrency7 years ago

Remember the dotcom bubble in the late 1990s? Do you know what happened there? Here is how it actually went down.
Companies with 0 recored income traded their stocks at higher prices than Walmart. Were all of them so bad? Absolutely not. Did the bubble came into existence because people couldn't tell the internet companies that were changing the world ( Amazon, Facebook etc) from the ones there were full of sh#%t? Hell, yes. Got the big picture ? Good.

Now, exactly the same scenario is happening in the crypto world. In this ICO craze, companies with no line of code ever written have been raising hundreds of hundreds of millions of dollars only because they are promising they are gonna change the worlds because they wanna build a block chain based Tinder.

BUT.....Chill, bro. Coz you can still make yachtes of cash.

Only with the use of common sense plus the right risk management strategies, will people can still make boat loads of cold hard cash. Because Bitcoin is gonna rise. Let me back up what I said with a couple of statistics. What is the largest Bitcoin Community? That's right, it is the Bitcoin ( r/Bitcoin) subreddit. And how many subscribers are there? 737,727! and how many people are there on the face of Planet Earth? 7 billion. Right there, my friends, is a 1200% rise potential.

Is crypto world in bubble? YES. It is in big fat bubble in general. But hold on before you call me a FUD. Crypto is in bubble only because of those so called sh#$%t coins. But the coins with a solid team of people who are working their butts off to change the worlds in ways humanity has never seen are here to stay and rise. It is only the matter of finding those coins. And is it impossible or dead difficult to find them. Absolutely not!!

All you need is a logic of a 15 year old people. Educate yourself about the coins you are investing in. Stay away from the mainstream media. If those reporters new what they were talking about on BTC or crypto in general, they wouldn't be working as reporters.

Have fun getting rich. Stay strong.

Ps: Sorry for the language people.

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