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RE: Charts don't lie: Bitcoin is in a bubble.
The tech bubble in the early 2000s was based on the invention of the internet. The companies listed went to a total market cap of 6 or 7 trillion on the Nasdaq before crashing.
Now we have Crypto which is a merging of internet and finance yet still at only 300 Billion market cap.
True, this could just be the very early onset of something much bigger, but proper risk management calls for caution :)
Also crypto is global and not just meaured on a US exchange. Its just the beginning IMO
It's possible, however it would take one major correction and ensuing negative media coverage to send Bitcoin in a bear trend, possibly on to another market cycle before we hit true mainstream
The fixed rules of physics combine to encourage exponential evolution so its all natural anyway. Ray Kurzweil knew it and thats why he's head of Google AI now.
Does he have an opinion on Bitcoin by any chance?
I saw a video he said he's not investing in it because something will take over :) Thats why I like the C20 token
C20 'aigh? never heard of it, will do some homework on it, btw thanks for taking the time to react to my rant/post mate, I am not usually so blunt in my analysis but I had to get this out of my chest :D
We are at an inflection point with CME futures where the market can turn really fast downward - best to hedge into cash. If you really believe we have 10x upside then why not catch it at 9x after this situation is resolved?