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RE: Is crypto space MATURE ENOUGH for another BULL RUN? Let me share my concerns ...

in Project HOPE4 years ago

@crypto.piotr

Its the money printing machine, stupid! ;-)
While many of us have not those rich guys problem where to park your money, its important to understand their view to guestimate where cryptos could go.

The rich and wealthy these days have direct access to the money printing machines of Ben Bernanke and Christine Lagarde...

so they end up with even more money than they had just months ago..

and if you got a lot of money these days your banker calls you and begs you to withdraw some of it or they will charge negative interest (in Europe), or no interest (in the US) or pay you little interest (in China).
Now subtract the rate of inflation from that interest rate of zero / negative and you can easily calculate the years when you will have lost halve your money just buy doing nothing...

So what do you do with it? Government bonds? no interest; corporate bonds? nearly no interest; real estate? very very expensive; gold? hard to get, high transaction cost and high price; stock market? ..well and there was this thing called corona...

so at the end whenever the bank print money some of it will end up in the crypto market.. so for newbies BTC is the place to go but it will finay flow over in the other coins, too..

just wait and see...

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 4 years ago 

Dear @solarwarrior

Thank you for your amazing comment and for taking the time to read my publication and share your view with me.

While many of us have not those rich guys problem where to park your money, its important to understand their view to guestimate where cryptos could go.
Very wise approach. Always follow the money and see where money goes.

However, after reading your comment I'm still unsure if you think that this market is ready and mature for another bull run or not?

ps.
Perhaps you would be also interested in checking out my recent post:
BLOCKCHAIN FOR DUMMIES - what would be your explanation?

Have a great monday ahead :)
Yours, Piotr

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