I think its all new money entering into the market and created small sized bubble basically.
People woke up to profits with cryptocurrencies and pumped up to them. Its still not big bubble. When every other people becomes rich it will be bubble and you will realize.
Topic: Is it a bubble or just new money?? (Read 547 times)
It is not a bubble because bubble not go for long and burst after a short period. As bitcoin is gaining popularity very rapidly and many newcomers putting money in it for long term by seeing its phenominal growth.
My only fear for the coming years is on how governments are going to approach this subject, only very recently have they started to take the crypto world seriously. I don't see anything stopping them from creating a fiat equivalent currency supported by the block-chain and declaring every single other currency illegal for trading on said country(coins used in supporting internal systems could still be used, just not traded). Please somebody tell me if there's any kind of system in place to prevent this, i'm completely unaware if it exists
In the near future and especially after bitcoin again starts to rise sharply and uncontrollably in price, governments of different states will be forced to take protective measures for their economy. It is unlikely that they will calmly observe how in their country they will go crypto-currency at a price thousands of times more expensive than their national, which every day then rises a thousand dollars up and down. In principle, this year we are more likely to witness such dramatic events. Moreover, it becomes more and more clear that bitcoin is inflated as a financial bubble due to a speculative speculative demand for it. Bitcoin necessarily once again sharply begins to rise in price and how it will end, while it is difficult to predict. 
I don't know but some around me invested in cryptocurrencies maybe without any knowledge. At least many people around me aware of cryptocurrencies right now.
For the first time when I learned about crypto, I was shocked - blockchain technology can be used almost everywhere, it develops, new details appear like smart contracts, subchains, etc. This process can’t be stopped. This is definitely a golden age!
Indeed, this is just the tip of the iceberg, yet people still refuse to accept this. Though this is not to say it can't be a bubble. There's a lot of money and potential in it but it can still backfire suddenly.
I think cryptocurrencies got a lot hype last year, thats why the price pumped so hard. I would like to see more practical value of coins or technology behind it. Nowadays every second guy on internet got his own coin he tries to pump on Twitter
I think is both of them, is new money for sure, we can see that 200 billion market as real money, but at the same time is a bubble. And a bubble who haven't hit the top yet, i think it will keep growing this year, but in the next years, at some point the price will crash. And people will be crying calling bitcoin a bubble and a scam, but they don't see the chance to make millions was a couple of years ago, when you could buy for a lil more than $200 each btc.
Now is crazy to see how people spend in btc when they was at $19,000 and they expect to get profit soon, for them the bubble already breaks, and now they are in a -30%
Now is crazy to see how people spend in btc when they was at $19,000 and they expect to get profit soon, for them the bubble already breaks, and now they are in a -30%
For the first time when I learned about crypto, I was shocked - blockchain technology can be used almost everywhere, it develops, new details appear like smart contracts, subchains, etc. This process can’t be stopped. This is definitely a golden age!
Indeed, this is just the tip of the iceberg, yet people still refuse to accept this. Though this is not to say it can't be a bubble. There's a lot of money and potential in it but it can still backfire suddenly.
I think its not a bubble because,blockchain is like new era of decentralized technology,it cant disappear in nowhere,if talk about bitcoin then yes it can disappear because btc is only speculation on blockchain if u understand.....
Past results does not guarantee that it will happen in the future. It may have pumped and dumped after 3 months last year but it does not mean that the same will happen this year.
Read the charts, follow the news. That is the only way you can predict what will happen in crypto.
Read the charts, follow the news. That is the only way you can predict what will happen in crypto.
Crypto currency has a very large potential. The world is slowly changing and soon with the help of crypto currency we will displace banks and other intermediaries, between our money and the services we use every day.
I think this "bubble" is going to be bigger than anyone ever imagined.
I see that crypto is not only aimed at how to make transactions with electronic systems today more and more people are using crypto as a way to store their wealth assets that keeps the bubble on crypto. there are now many companies that are developing a project with blockhaind technology to promote projects that are being developed and this can not be dammed anymore about the increasingly crypto price movement that makes a lot of interest for investors to invest in the world of crypto. and right now I see crypto is incredible.
i think this 3 possibilities still exist on it.
people (who have not enough knowledge) see crypto as a bubble because they are not able to have and use it like money.
they should first understand that it is not just a new money.
even if these are quite good times for cryptocurrency, not exactly golden age for it because it has really great future.
people (who have not enough knowledge) see crypto as a bubble because they are not able to have and use it like money.
they should first understand that it is not just a new money.
even if these are quite good times for cryptocurrency, not exactly golden age for it because it has really great future.
For the first time when I learned about crypto, I was shocked - blockchain technology can be used almost everywhere, it develops, new details appear like smart contracts, subchains, etc. This process can’t be stopped. This is definitely a golden age!
technological developments capable of changing things for the better than ever, many have used blockchain technology either by banks or by other financial institutions, although initially they are not so interested in using blockchain technology but now vice versa, with the technology blockchain easy way of transacting can be done anywhere at a much cheaper cost, as time goes by the technological development can be felt by everyone, and certainly this is the golden age for krypto.
For the first time when I learned about crypto, I was shocked - blockchain technology can be used almost everywhere, it develops, new details appear like smart contracts, subchains, etc. This process can’t be stopped. This is definitely a golden age!
Common people usually choose the wrong time to enter to the world of crypto and remain very disappointed with local drawdowns. But they need to understand the main thing - you should be patient to get profit.
So folks, I entered the crypto-sphere 1 yr ago last Jan not long before a 3 month bull run on the markets not unsimilar to this one before it all crashed and burned a few months later which im wondering whether this run is following the same path?
Any more experienced folks have any input on the matter?
Thanks
I think the current risk is huge, but the last madness also means huge profits, so you can invest it completely. Any more experienced folks have any input on the matter?
Thanks
Definitely markets are having great time recently. Some coins are over valued and some of them waiting to moon. All in all there are great opportunities in the market now.
So folks, I entered the crypto-sphere 1 yr ago last Jan not long before a 3 month bull run on the markets not unsimilar to this one before it all crashed and burned a few months later which im wondering whether this run is following the same path?
Any more experienced folks have any input on the matter?
Thanks
Any more experienced folks have any input on the matter?
Thanks
I entered later than you, but I think there is definitely a lot of new money coming in. And each influx of new money means a lot of new people buying at current prices, so as soon as we have a small dip, these people have lost money - and will likely panic as they don't have the experience of these insane markets yet. So yes I am expecting a major dip - but long term the trend is still sharply upwards, so I'm not unduly concerned.
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