If we compare the crypto market to the tech bubble, taking into consideration that there is twice as much money in the markets today as in 2000 - cryptos would be in the tech bubble when that bursted when cryptos total mcap reaches $20 trillion.
Tech stocks, or dotcom stocks were 10% of the value of all stocks in the world in 2000.
Also..they were not currencies as well as just stocks. Cryptos are currencies AND utility tokens.
I wouldn't begin to stress with bubbles or selling until another 15-20x..which is a total mcap of 15-20 trillion usd.
Big mistake to start becoming afraid at this level IMO.
Another thing is that when it reaches a bubble and it bursts 50%, it will come back stronger than ever.
When people talk about bubbles, and especially the tech bubble, they forget to mention that a few years later it was much higher than it was when the bubble bursted. And today the tech market is the worlds biggest market.
It's cool with some silver and gold - and I personally own more than any reasonable person should. But I would not spend too much of my money on that now, with the knowledge I have today.
I don't think precious will get back to their former glory, unless Internett shuts down. And at that point we've got so much bigger things to think about that investments. Like bread..and warmth.
I see the utility for especially silver as a conductor and in medicine, but jewlerey could also be in for a huge change in the future. With holograms and augmented reality, perhaps people want hologram rings or other crazy stuff hoovering around them instead of old school jewlery? :)
I tried to argue why the crypto market is not in a bubble until 10-20x from this level here
https://steemit.com/cryptocurrency/@scandinavianlife/arguing-that-a-possible-correction-could-come-to-crypto-currencies-somewhere-between-9-5-20-times-the-size-of-todays-total
Much agreed. Still silver might have a massive comeback, not because of its monetary value, but for industrial purposes. Ref. Clif High with his somewhat strange methods, but with a relatively good track record predictionwise. Silver coins are cool as well :)
I'd love it if silver made a comeback! But I've been sitting on my silver for..6 years now and I'm pretty much exactly break even. It's the most boring investment I've ever done. But yeah, I have a few to look at, which is cool every other moon...
So you got in after the Big Run-Up of 2011? That had to be a heart breaker, it was even worse cuz I got in about 2 years before, and prices were pretty much the same as today for Silver... then it went up to $48.48 officially on the crimex, but hit $50 in the overnite Asian Markets. I was hoping for $100 ozT but the good thing is I HAVE MORE NOW!!!
;)
It' not that bad. Took a look at the purchases now. I bought my first batch in 2011. But then I averaged down the next few years. I even bought some three years ago.My average is $20,3 so it's not horrible. But ..yeah, a boring investment :)
Cool Stuff, it definitely pays to buy over time. I preach DCA all the time, and even doing it like you did really helps average out the costs. Especially since you got in during a huge Bull Run, I believe average price was over $30 for 2011. I got in well before that, but your diligence has made our average costs darn near the same. Mine might be a little lower, but I am mentally removing the premiums. I do not have a spread sheet on it, however. Doubt if I could even make a very good guess at it now, and be any more accurate than my running tally in my head LOL!
Keep Stacking! :D