I've seen this picture many times. While I'd love for us to still be in the "awareness stage", I think the "mania" stage more accurately reflects where we're currently at. If the "mania" phase is hallmarked by public adoption, then just look to no other place than the app store. Coinbase is the #1 trending app right now with tons of new money flowing in from people hoping to catch the wave up. Also, media attention. Check. If you go on Bloomberg, CNBC, Yahoo Finance, WSJ, you can bet they're covering crypto currency. And lastly Greed. Double check. These +100% gains people are experiencing on a monthly basis has perverted people's senses of a reasonable investment return. Now I'm not saying we should just be expecting 7-10% you'd expect on an index fund.... but when you hear people complaining that their coin did not rally 30% this week... that's a moment of pause for me.
Definitely I could be wrong and we may very well be in just the "awareness" stage. But when everyone's making a ton of money, I think it's important to step back and reassess how far we've come. Play devil's advocate. And take some profits along the way. Stay safe out there fellow Steemians ;)
I think we be getting into the Hulkamania climb right now... the Christmas brags that $$$$ 100000 %%%%% was made by a FB inside tip from a Crypto Group will only bring the HULKSTER finger pumping ....the leg drop will come so the in the know can accumulate down to buy good tec lower....
what? LOL
What? You don't read creative think? I'll decipher this metamorphic Hogan comment for $0.42 cents.... not $0.41.... if you want an explanation you better figure out how to russle up that 1 cent vote. LOL that pal.
LOL. please enlighten me. I don't read creative think.
3 more penny's and you get the thoughts enciphered in a dark font . Until then.... QUA
Darn, more things I don't know! What is QUA?
look what you invented in my steem wallet when you pondered my metaphors .
0.181 SBD, and 0.056 STEEM POWER for poias/re-orangesphere-re-poias-re-orangesphere-re-stackin-is-bitcoin-and-cryptocurrency-in-a-bubble-here-are-my-thoughts-20171219t172919392z
QUA... https://www.quantumproject.org/
stay cool
I'm just wondering what the "New Paradigm" peak looks like :)
6 trillion market cap, the same as gold
Gold been money for 5000 years though lol