I've just recently got into the crypto market not really knowing anything. Just trusting some really good people who know a lot more than me. I'll be the first to tell you i know pretty much nothing about a lot of crypto. But as I get more into it and the more I learn about the many different cryptos the more I get sold on them and can see them getting really successful. A lot of people say that the market has peaked and it's a bubble. But if you take peter schiff for example he called a bubble like 3 years ago and if you listened to him you would have still made a lot of money at the time but bitcoin was at 500 and he was screaming sell.
I feel that the bubble will never come and eventually we will have more investors come over from Wall Street and start investing in crypto. Why do I feel that I've been working at Pepsi for the last 15 years and have seen how they have peaked as a company as McDonald's and many others. If you look at Pepsi for example they are in really big debt and in a spot where they could never pay it back. Just like the us government. How does it happen they start selling stock and decide to put 5% dividends in the stock blows up and to keep paying 5% they have to raise it. Advertisement just to stay in the game with coke. Now both companies are pretty much owned by the bank as with many others in the top 50 companies.also unable to grow because they have already grown so large over the past 50 years you see them getting into weird places like protein drinks, protein bars, gum so now they try growing sideways because there's no where else to grow that 3% sales increase that they need to show their shareholders every year.
Anyways with these giant corporations eventually put themselves in a spot due to competition that the only people that win is the banks that loan them these money. So with all that being said eventually the people are already looking for the new stock market because their old one will eventually stop growing and less people will invest in them. And more and more people are seeing the growth in crypto and investing in it. If you talk to anyone about it most people right now don't even know what a bitcoin is. When the dot com bubble came everyone knew about dot com companies so how can the crypto be in a bubble when not even a tenth of the people know what a bitcoin is. Anyways these are my thoughts and hope you enjoyed the article
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STOPWether it's a bubble or not really depends on wether or not the bubble will burst. If it does then it was a bubble, if it doesn't then it's not.
The deeper I delve into cryptocurrency though, the more doubts I get. After my initial excitement, similar to what you describe, I was sold on a lot of crypto. But now that I've delved even deeper, I encounter strange things that make me frown and confused.
The recent creation of Bitcoin Cash and the subsequent 10 billion USD that the entire crypto market grew by is one of the things that make me wonder. I can go so far in realizing that all crypto is speculation, but when 10 billion appears out of thin air... then I really start to wonder if this speculative market and it's market caps are at all indicative of the actual value that went into Crypto. I've seen first hand in smaller markets how they are being manipulated both upwards and downwards and if it happens in small markets, it certainly happens in the big markets too, even Bitcoin. The recent news surrounding one big 'spoofer' on Bitfinex only illustrates this point.
So be watchful and check the news every day and spread your investment over multiple crypto's.
Great advise I worry to and what your saying is true it can be manipulated and we have seen it done in the past
Exactly.. it's pure speculation and there is no regulation in crypto anything goes...
The blockhain technology may, in my view, play a big part in for example fighting corruption. By creating smart contracts, one won't need to bribe government officials, in countries where this is an issue. So I'm thinking that the technology has enormous potential, and thus the currencies associated with it.
Nice post. Now following, please follow back.
Nice post
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STOP