Yooo STACKERS!
Almost everyday for the last several months, I get the same question all the time from new investors and newbies... "Charles, is Bitcoin in a bubble?"
I'm going to make it simple as possible for everyone in 2018, without saying anything anymore. The only thing I'm going to do from now on... is send them this picture! 🤣
Be free to save this picture and use to anyone who asks you if Bitcoin is in a bubble, it will save you a lot of time explaining it to people. 🤦🏼
"Charles, what if they ask me when is the best time to sell?" You just tell them three words "HODL FOR LIFE" 🤑
Hope this helps you guys out and make it simple as possible when talking to newbs about the "Bitcoins and Cryptocurrency Markets." 😅😂
P.S. For those who are interested in following my "Daily Activities" that I do in very "short form". Follow me here: @charles-fuchs.
I have used this classic picture maybe a dozens times in the last few years, while trying to explain people what is going on.
It is not easy to explain all these cryptos, and aswer all questions after you tell them this one simple truth:
HODL for LIFE
You get endless questions then. Like
For life? Never cash out? Why?
And if you can explain every reason WHY - you know you are really into it. :)
Just do it. You CAN.
LOL .. yeah I like to make it easy without explaining. Everyone has an opinion, I just don't want to waste time talking to people about it. My new motto, here is the picture, HODL and I have to go haha
BTC BTC btc btc
2018 will flip everything upside down
Stay focus
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?
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
My portfolio is going crazy!
One of my buddies sent me his, 5.8 Million... nuts!
damn, too many rich people thanks to cryptos ahha
I get it... bear trap bull trap mean mean mean! Ha hodl!
That’s bear trap is like a huge sale I would to see lol
Yes gotta be attentive!
well these are a close view you give about the currencies great work appreciated
If you are right, im gonna be RICH! :)
Filthy Rich 😂🤑
So true as to where we really are, I'm getting more to buy but many are telling me more than ever to cash out.
Always be weary where the opinions come from, everyone has one lol
Yeah everyone's got an opinion and an.....
Stackin, what's up. We could be in that phase right now. Makes sense. I like the bear trap coming too! Lol. Thanks for the great info and I am glad to see you doing so well on here. Keep up the great work.
Thanks @walkingkeys, just trying to keep up with that this crypto stuff! That little tiny bear trap means "discount" haha
it certainly does. lol
still lots of time for lots of people to make money then. !
I think we're more in the delusion phase. Wallstreet will pop that bubble and short the hell out of it.
Bad Actors must of been planted just in case
https://steemit.com/bitcoin/@poias/bitcoins-s-strange-block-7438-and-the-185-billion-possible-payoff-steemit-investigative-report-pt-1
Everything in life right now is in a bubble lol
I don’t think think we are in a bubble and steem should be a better investment than bitcoin at this moment
I would have to agree with you this 😀
but i think this is not only bubble this is the repu of btc which will increase day by day we see the mostly investors and also newbies are first buy bitcoin not others to exchanges in other coins and mostly of us believe on bitcoin and invest in bitcoin @stackin
Yup, just buy and hold lol
Scary (or exciting) that we haven't even reached the mania phase yet :)
If someone says it's in a bubble...just tell them the total market cap of crypto 500 billion vs the total market cap of Stocks, Bonds, Gold 200 trillion. No bubble yet
The perfect answer but that took decades to accomplish lol
Perfectly explains it we might be further down the line though I believe we are somewhere in the media attention zone right now if you where to use that graph.
Yeah, who knows... I just send them the picture and I'm done hahaha
@stackin haha awesome detailed explanation :)
Need a judge for a Christmas tree contest ...?
I didn't buy a tree in 20 years haha
wow...
I like your Style.............
I will absolutely start using this picture!
Hahah nice! Picture tells all :P
I'm just trying to make it simple lol
It is really soaring higher and higher @stackin ! Up, up we go.. Thanks for your illustration this will make us ready! Resteemed!
I might have to attach that arrow on my photo haha
Yes, you can. lol
At $100- Bitcoin is a heading bubble
At $1000- Bitcoin is a heading bubble
At $10000- Bitcoin is a heading bubble
bubble bubble....
Next Stop 100k ... I just want everyone to have at least 1 Bitcoin by now :)
With only 21 million BTC, how can everyone have one? If all the BTC was divided up evenly among 7 Billion people, everyone would get .3% of a BTC.
Yeah, you know what's interesting... I ran across a post not too long ago that basically concluded that if every millionaire in the world wanted a bitcoin, they could not have one. Basically there are more than 21 million millionaires in existence. It'll be interesting to see what fractional amount of bitcoin people will be trading in the future.
I love when people rag on about "biggest transfer of wealth" or similar. The future of money is Blockchain - that much is certain. But Bitcoin probably won't be the medium. Whatever coin eventually rules the world will be backed by old money and will be held primarily by old money.
Hashgraph? 😀
thats not possible
I just need 0.96877777 and I'll be there!
Nice picture. Explains a lot. If you are long term investor, even if it drop 70% you just buy. If you are a trader, well use a stop loss:).
i like the presentation.
Good explanation and graphique
The fact is that 1 000 people own 40 % of the existing BTC. That explains everything...
i liked in your post dear ...may be i reasteam your post
reasteam done please check my profile
very well explanation. now no question behind. good work charles. my prediction about BTC in 2018 is that crossed 50000 $. cheeers.
Waw! This is unbelieveable. I will follow your daly bitcon activity in the given link. Thanks.
Keep on bubbling 😂 but I still on
Bitcoin is obviously in a bubble but these are the best kind of bubbles.
Will save it will sure save the hassle of explaining ;)
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world market developing technology and quantum technological computers will affect all currencies and I believe that as a result of the development of age people we live in will not affect 0.2% of the money in this market and 100.000 dollars
Thank you for sharing
make some money!!
If it will make my life easier..i will definitely adopt this one. Cheers.
good job
if anyone sold whole lot of bitcoins in a single move then its gonna fall until then all good keep stacking them :D
Yes, that's a good picture. Sure we're in a bubble, but a long way from popping. We have to go through all those phases.
I like your fixings.
thanks for sharing your thoughts and the picture :)
I only started crypto in August and witness BTC launch from $3k up to $20k in a matter of months. This is insane coming from a world of stocks and options. Have not seen anything like this. I regret not holding BTC and instead invested in altcoins. definitely hodl for sure.
Totally agree with Your post @stackin! Up voted!
p.s. if You like photography, You can look at my portfolio :)
Excellent Graphic. Will share.
I think technically it's impossible to tell right now. We'll see as time goes along. My prediction is that prices are going to stabalize before mid-year around some reasonable mean. Something like 12,000-13,000/BTC. I think prices will start to grow organically again by the end of the summer. It's all just a matter of time.
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