We've all read the negative news articles and heard the mindless regurgitators. Cryptocurrency is in a bubble they say. Like we expect, they all have the same advice: Stay Away. For the record, I am using "Bubble" because that is the term the mainstream media is using right now. We all know what this really is.
I am here to tell you that you are smarter than "they" are. It's so easy for them to spew out "It's a bad idea" when they are completely uninformed or just plain ignorant.
Let me point out a few things:
- These are the same News stations and reporters that have a sub 10% approval rating. Why would you listen to them?!
- Less than 15% of the public even knows what cryptocurrency is! This tech is so alien to what everyone was taught growing up that to take the "This is bad" stance is the popular stance.
- This stance gives everyone an easy out rather than the realization that they are too lazy or not smart enough to grasp the concept.
- Lastly, and most importantly, you can and should make money in a bubble!!
They call it a Bubble. In reality, it is Market Expansion. Regardless, the price action is the exact same. We are going up higher than anyone can imagine...Even what is currently in our minds today.
I was there for the Tech bubble in 1999 & 2000. I was there for the housing market bubble. I road precious metals up to their peak in 2011. I am here now.
Here is why bubbles are scary...the ONLY ones negatively affected is the average joe. These are the people who were scared off or unaware of when each bubble was in its infancy and didn't get in. They were late to the game and they got burned. Then guess what happens? The media sensationalizes it. "Everyone lost their money." "Bubbles are bad." "Remember this for the next time."
The early ones who were in...the "Us" of each bubble make it rich Every. Single Time.
You only have to get rich once. Build you stack now. Let me give you some advice for when the time comes that your neighbor who runs and hair salon or a gas station start refinancing their houses to get in on the action after its gone up another 50x's today's current prices.
Find another asset to convert your money out of that isn't fiat. Maybe gold, Maybe art. Maybe real estate. Maybe the most stable crypto.
Do this and live the rest of your life comfortably. I will see you there!
I'll bring the pina colada my man! I'm glad to hear this from someone who has seen the tend on several historical markets. Your experience is reassuring validation. I wish I had a bitcoin for every one of my kids. Secure their future. Maybe soon! Steem, STEEM, Steem!
Just be sure in your convictions and build your position. The best advice I can give.
Right. Except it's not a bubble.
It's a market expansion. Same price action. I put that in the article.
Word.. I remember mainstream financial "experts" talking down about bitcoin for years now, saying it was junk, fake, a scam.. I've already seen a few people become very rich and seen plenty more make impressive profits. My only regret is that I didn't get in sooner.
The only reason it's not a bubble is because it's not a typical market. This will prove to be true, and they will continue to deny it. The last thing they want is people favoring crypto over their precious, FAKE markets. The propaganda will continue and increase.
OP is correct. Market expansion. Good post.
It's market expansion but the media is calling it a bubble. I am using their terms.
I was daytrading when the first mainstream report came on CNBC. Bitcoin was at $5. NO ONE liked it. They poo pooed it the entire Half Time Report and everyone went on with their day. It wasn't in their interest to "upvote it." In their world, it was monopoly money. Now look who's laughing.
Exactly.
I wouldn't put all crypto in one bucket though. Some are really overhyped while some are still undervalued.
It won't matter for awhile though. The ones who don't know any better are going to come in and rise all tides.
I am waiting to see what will happen after August 1, with bitcoin wars and UASF BIP148.
I took action! Bought 85 Litecoin at $30.
well played bro. I am moving to siacoin or usd temporarily.
This market is so small in comparison of other worlds markets that there are so big potential to upside! We are just in the beginning!
Thanks Follow me and i will follow YouCheck out my views on story crypto https://steemit.com/cryptocurrency/@newmarket65/is-cryptocurrency-your-get-rich-quick-scheme
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