If by a chance we are witnessing the end of cryptos (we still think that this is just a minor correction) then we would be very surprised as the max market cap of the crypto market was even less than 800 BLN USD - which is by far less thant DotCom bubble at its highs! https://steemit.com/crypto/@p2port.com/cryptocurrencies-bubble-or-not-dotcom-example )
It is no bubble. It is very different from investing in companies like the dotcom situation, and it is even different from stocks. Mainly because we exchange them, buy things with them, etc.
It is a very new paradigm. So if we compare it to anything from our past it likely won't quite fit.
We are exploring strange and wonderous new territory.
Cryptos are here to say. They make traditional currency look silly. The adoption will continue.
We think that any new tech or even paradigm tend to skew to overvaluation at first stages. Cryptos are not an exception. But we do believe that we have a substantial room for a growth!
If by a chance we are witnessing the end of cryptos (we still think that this is just a minor correction) then we would be very surprised as the max market cap of the crypto market was even less than 800 BLN USD - which is by far less thant DotCom bubble at its highs! https://steemit.com/crypto/@p2port.com/cryptocurrencies-bubble-or-not-dotcom-example )
It is no bubble. It is very different from investing in companies like the dotcom situation, and it is even different from stocks. Mainly because we exchange them, buy things with them, etc.
It is a very new paradigm. So if we compare it to anything from our past it likely won't quite fit.
We are exploring strange and wonderous new territory.
Cryptos are here to say. They make traditional currency look silly. The adoption will continue.
We think that any new tech or even paradigm tend to skew to overvaluation at first stages. Cryptos are not an exception. But we do believe that we have a substantial room for a growth!
Yeah I think this is the future of currency. Thus, it may be fiat that ends up being the bubble.