The BUBBLE!
So people are calling Cryptocurrency a bubble. That's fine just remember the bubble peak was 1.7 trillion dollars 17 years ago. With Inflation that would be 2.4 trillion dollars or 15x the current crypto market cap. Just know that out of the bubble came the strongest company on the market today. If you take eBay and Amazon's market cap it would be close to half of the total market cap in 2000. That's right 2 company's worth half of the peak. So how would you have liked to purchase these giants for Pennies on the dollar. Just some food for thought. 🤦🤔
Source; https://en.m.wikipedia.org/wiki/Dot-com_bubble
Love the analogy! Bitcoin is like Amazon during a bubble - it might drop in price a little, but it's going to come back even stronger!
It is crazy how fast it is taking off now . Next 18 months is going to be life ch
Some very valid points.
I dont think the analogy with cryptocurrencies and the stock market are accurate. Two totally different animals. To get an accurate assessment I think it best to add in the total for gold, currencies and the stock market. Then you start to get an idea of the potential of cryptocurrencies.
It's about technology . More then Actual securities . People ICO crazy. It's like back in the day buying up companies with no Value .I have traded in pretty much all the markets securities currency futures and options. And I agree it's a different animal in itself But you got it at the end is just about the potential and the value that this technology offers
The technology is revolutionary and that is its major asset. We are only starting to get a glimpse at what all this can do. Another 5 years will reveal how powerful these platforms are and the apps that are built upon them. For that reason, since the tokens are the "fuel" for the networks, I think there is unlimited potential in the pricing. The only way that this is a bubble is if the technology behind it is all hype which I dont believe it is. This isnt the 3D tv mania.
Preach! Pick some solid coins that have a purpose and aren't just fluff, if half of them crash and burn think of the upside for the other half!
Exactly I hope most of my coin and establish crypto and navy about 25% is A risky coin with a lot of upside . Safe guarding my profits in etherium and lite.
100% agree. Right on!
im glad im getting into it now, so many cryptos to choose from tho its hard to pick! ive been coverted and im a BELIEVER :)