We're not in "Bubble" until Crypto Market Cap stands 5-10 Trillion Says Vinny Lingham
Vinny Lingham says we're not in the Bubble yet and concluded it's still long way to go before the bubble burst. He's reasoning that the crypto market is too young to give any serious impact if it were to burst now. In other word, we are nowhere near the last .COM bubble where the maximum pool of stupid money and stupid companies existed at single time space.
I do believe he's right, we still need a lot more stupid money and dumb business ideas to the Crypto space before market decide to wipe them clean and make way for next wave of asset class to emerge. It's natural selection time - Survival of the fittest and smartest.
We might still experience multiple small burst here and there... but the real one might be couple more trillions away. Enjoy while last..
https://twitter.com/VinnyLingham/status/949870678769000450
I'll be more than happy to get some dust over here:
BTC
18iUioH92QQLftSFyoJRuVfSRLHEZMYWhC
DASH
XnokAwXiCcBeRrmGNsMuqr1xAqmfWAZPeV
ETC
0x59BA165282E12d7aAC5C1cA37b19CA09B5ebAA2F
LiteCoin
Lb43WpWnxKyCxvjCfFC6prCZ4Eygm7e37w
I've been thinking the same thing. There still isn't enough total funds in crypto worth popping the bubble for just yet. 5-10 Trillion sounds about right.
True Brother, even the current value which is based on Coin Market Cap is not right... it does not really calculate based on the real amount transacted but rather a round figure based of price of a coin x no. of coin. By right, Ripple should not be no.2 ranking since only a portion of it is tradable and the rest being locked up. However, we'll face multiple burst from time to time and this is just a small preview before the real one pops!