First off, if you haven't already, you might want to sign up for my free guide and video training series on how to safely buy your first bitcoin here.
Now...So there's a very smart coder/invester dude named Jimmy Altucher. He's been in the crypto space for a while and has a crypto investing theory I happen to agree with and is one of the main reasons I invest now in crypto. I'm going to tell it to you now and hope you'll see the light too....
Here we go...
Every single BOOM in history has basically followed a 3-part script.
James gives three big examples.
The roaring 1920's stock market boom.
The tech boom of the 1990's.
And the 2000's housing boom.
Each BOOM has three stages.
Stage 1 = Only creators and early enthusiasts or advocates are buying or investing in the new trend.
Stage 2 = The "smart money" or institutional investors make the trend their friend and buy in.
Stage 3 = The public jumps in on the action and THIS is what triggers the massive price explosion in every boom.
I even alluded to stage three in my best selling book Stack Silver Get Gold.
"The public is always late to the party".
So lets quickly apply the three stages to the 90's tech boom and then apply it to the current crypto boom.
Look at this chart of the NASDAQ from 1994 to 2000.
So here's the breakdown.
Stage 1 - In the early-mid 1990's hardly anyone was into the internet. Just a relatively few early adopters investing and putting their heart and souls into it. Most people thought it was a fad, if anything.
Stage 2 - In 1995 Netscape goes public and the institutional investors (smart money) start to pay attention. Venture capitalists and pension funds started putting their money into early versions and IPO's of Amazon and Yahoo etc and just killing it.Even in 1998 the economist Paul Krugman, darling of the mainstream media and a generally horrendous economist in my opinion, said the internet would be no better than the failing fax machine. You and or the rest of America wasn't yet buying tech stocks. It wasn't until about 1999 that the public started going crazy for tech. You heard that your uncle made a killing. So and so's neighbor became a millionaire. The barber cutting your hair was even talking about tech stocks.
This is when we hit....
Stage 3 - The public who is always late to the party gets in and puts the BOOM in boom. As you can see in the chart. The Nasdaq went up and went up fast. Up 85% in 1999 alone and many stocks went up much more than that. Thousands of percent.If you look at any bubble in history, you'll find this same pattern. Housing, the roaring 20's, tulip mania, the South Sea Trading bubble in the 1700's.
And here's why this matters for you big time....
We are in the beginning/middle of the Cryptocurrency BOOM!
We have just moved from stage 1 into the beginnings of stage 2.
Stage 1 - Bitcoin was created in 2010. Just the early adopters and libertarians loved it. Some guy even bought two Papa Johns pizza's for 10,000 bitcoins. That is now some expensive pizza. Anyways From 2010-2015 Bitcoin has gone through ups and downs and been declared dead in headlines hundreds of times. I bet you still hadn't even heard of it let alone knew how to buy it.
Stage 2 - We are here now. In about 2015 the smart money started trickling in. Today in 2017, you see all the hedge funders are starting to invest in the space, there's a bitcoin ETF trying to get off the ground. Fidelity, which controls more than 6 trillion dollars in assets, has just partnered with Coinbase (the spot I suggested you buy your first bitcoin from). Some of the smaller cryptocurrencies are starting to have astronomical returns as high as 80,000% in a matter of months! Mark Cuban, Google, Richard Branson and Sequoia Capital are all buying in....
This is one of the secret crypto hedge funds a lot of the smart money is piling into now.Its only a matter of time before we hit STAGE 3!
Just wait until Amazon starts accepting Bitcoin as a payment (which sources say will be pretty soon).
Right now is your chance.
Today.
Ask your uncle if he knows what Ethereum is. Your neighbor or the dude parking your car has no clue how to buy cryptos.
Yet.
The PUBLIC is ALWAYS late to the party.
Don't be late.
The biggest returns in every bull market only happen when the public jumps in.
Most people will be left out or have to fight for the scraps if they wait that long.
So learn how to buy, sell, store and secure cryptocurrencies now before everyone else piles in.
I make it super easy with step by step video instructions and training in my online course.
You can get it now for just a paltry 49 bucks.
The price will rise in a few days to $149 and that will still be nothing compared to what could happen if you get in to cryptos before stage three. Get it here now while its on your mind:
Stack Silver Get Gold Buy Bitcoin Special $49 Deal
Now let's get into it...
Hunter Riley III
PS....There is a 30 day, no questions asked full money back guarantee. So if you buy the course and then get in there and think it sucks (it doesn't haha), you can get all your money back by just emailing my team. Hell, some of you will probably even buy the course, blow through it in a few days, love it and return it anyway to get the info for free. And you know what? I don't give an eff. I don't have time to care what the reason is you want your money back. I've got bigger things to focus on like Stage 3.
Sign up for the program here:
Stack Silver Get Gold Buy Bitcoin Online Training Program
exciting stuff ! a really neat and concise little article. By all accounts almost everyone on steemit will become rich and famous! get in my friends. I noticed recently Joe Public and the rest of his mates are beginning to buy in with $500 here and $700 there. most people have no clue as to what they're buying and why.. It's such a great place to be, because money aside, this could be the great economic revolution the world needs to prevent a huge implosion in the trajectory of history.. and i think the BIG MONEY knows it..
Yeah this article is the last part of a series that digs in to the "why" of buying bitcoin etc. Releasing them in reverse on steemit. But while people are learning why to do it, they can also learn how to do it.
gotta love the tutorials and advice.. it's a minefield out there for the greengilled investor.. it's the exciting style of the post that I like... makes me go YEAHHHH
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