INteresting perspection on the cryptomarket situation. And likely very accurate. Other then having a small amount invested in a fund, it is indeed my first entrance into an investment market. But that sayed, that isnt why I initially bought 1 bitcoin when it was at some 250$. (Although i regret not buying more back then as most likely do too)
I bought one mainly as i saw it as a security kinda. A value that can be used even if something was to happen to the banks or I was denied access to my account.
I just had it not even payng attention to the market at all untill the middle of 2017, noticing then it was worth 10 times what i bought it at. It was then I started taking a litlte more interest in some more active trading, aswell as learning more about how to actually use it and looking into other coins. And i did eventually invest some more into cryptos.
I do plan on at some point reinvesting some of the crypto gains into gold, so in a sense i guess i then fit into the prospective you layed out here. I've learned alot about how markets move and can be manipulated, but still alot to learn.
My question at this point is: how long wil the patterns of the crypto market in total be in the longterm upside...
It is an interesting insurance policy, although I'm curious how it'd work out in reality given many wealthy investors are who are propping up prices (and they rely heavily on existing financial system). Gold seems to be a logical place for many cryptocurrency holders who are coming from more political side, although I always provide some caution here as having at least some cash producing assets can make a light and day difference in your portfolio.
If I could predict how long it'd be to the upside, I'd be selling my knowledge for millions! In all seriousness, who knows - But I think the bubble will likely pop in next 2 years, which isn't exactly a great time horizon but these are predictably difficult to predict. We'll likely see more warning signs as we get closer, but it's tough to spot them when you are right over top of them.