It's not every day that you see a publication with a decent track record, like Business Insider, to publish a piece on cryptocurrencies on a really high, optimistic note. Yet that's what happened just 2 days ago, in this article. The original title was, to be correct: "The bitcoin bubble could just be getting started".
The obvious comparison, when it comes to bubbles, is the dot com bubble, which, as lucky as I am, I witnessed in all its glory. It's also what the author of the article used, but with this surprising outcome:
But let’s be clear: at the peak of the dotcom bubble, the market cap of the NASDAQ index was nearly US$6 trillion. The entire cryptocurrency market cap right now is currently less than 1.5 percent of that.
So, if we're looking just at the numbers, it seems that we're not even close. There's still a lot of room for money to pour in, for the volume to increase and for new prices to be discovered.
Of course, when the bubble will start, a lot of balloons will pop up. That's why it's important to stay informed, to avoid FOMO (and all the related "get-rich-quick" schemes) and, in general terms, to keep your head between your ears.
There are a few other interesting conclusions in that article (mostly related to the recent Consenus conference), but I'll leave you all to enjoy them in solitude.
Full article here.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
https://steemit.com/~witnesses