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It might be though that due to the bubbles popping all the time (is it the 4th already?), the crypto will _never_ reach that unhealthy MegaBubble, continuing its current pace of growth
And this post is an example of why you need to use log graphs.
....except amazon is a company.
and crypto is.. ???
For me the component that is missing is valuation. Dotcoms were overvalued and then revalued much lower (the crash), but there was a methodology for valuation. (p/e, peg, eps...)
I still haven’t seen a method for valuing cryptos based on fundamentals. Even now, it feels like a 100% sentiment-driven market.
So for crypto to begin a increase in price based on rational valuation, first we’d need to agree on how that works
Regulation will have a very different impact though, remember this is a global market and can run parallel to the financial system in a sizeable way.
Several points:
it does not have to be on the same timeframe since internet "bubble" was going on for a minimum of 3 years, NOT 1 year as for crypto "bublette".
Internet "bubble" had 7 tril market cap, crypto just around 1 tril.
Ether, for example, was down 92.5% already (at the lows). That's pretty much the same levels as AMZN (93.3%).
Conclusion: It very well may be done already or within 10-15% of the final low. I am starting nibbling on a few cryptos. If i am early, then I would simply DCA.
He talks about it as if crypto has already reached such an infamous peak.
He's wrong.
We are just temporarily dipping.
The, and I do mean, "THE" peak, is yet to come. The peak this article was written for.
What Fred says makes a lot of sense. However, I don’t think his timeline is correct. Crypto went up at a faster rate and higher (compared to previous support) than any stock has - ever. Now it’s doing the same thing - but the opposite.
Crypto is the next iteration of information technology, which compounds on itself through feedbacks via social networks, instant sharing, and global liquidity not seen during the dot.com boom. Comparing it to dot..com is analogous on some levels, but it’s really apples to oranges. People saying it’s a long long game might get floored when a few triggers send crypto up another 20,000%. The last year was the “coalition group”, “ico”, and “hedge fund” speculation triggers. Next one will be “viral dapp”, “scaling”, and “regulation/enterprise money” triggers.
What authority do I have with my comments? None really, other than my experience with crypto since 2013. I keep seeing the same patterns, the same FUD after crash, and the same chart overlays each cycle (except each cycle is magnified).
What will regulation bring? Clarity on rules and more enterprise money IMO.
patience and calmness, whales aren't made daytrading for a few weeks...they're made over 5, 10, 15 year periods.
If you haven't sold, Hold. If you sold, buy again at a discount. If you're patient you will be rewarded. Hold or buy, those selling are making others into whales.
Please, tech bubble was 2T in a U.S only market. This is nothing close and should not even be compared.
oh yea, everyone remembers the early 2000's as the internet dark ages
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