I know y'all have seen this diagram before, and with BTC just crossing $3,800 as I type, where do you think we are in the bubble?
Aw man so cuz I'm a noob it won't post the image... Oh well. Its basically that "main stages of a bubble" chart. Which crypto most definitely is in. But are we just beginning the true ascent, or have we reached the peak? Thoughts?
Aw man so cuz I'm a noob it won't post the image... Oh well. Its basically that "main stages of a bubble" chart. Which crypto most definitely is in. But are we just beginning the true ascent, or have we reached the peak? Thoughts?
Do you see many institutional investors in Bitcoin at this time? Are pension funds including Bitcoin in their portfolios? I have exposure to this information at my job and can assure you they are not.
Based on this I would say that we are still in the stealth phase, possibly moving into the awareness phase.
Exactly!
To the OP: Short term bubbles happen, but they are short term so they don't matter. There's been several bubbles with bitcoin already along the way, so I'm not concerned with any short term bubble as even on burst you can be sure bitcoin will be reaching new all time highs relatively soon. As this poster said, in the longer term, we are still in the stealth phase. Institutional investors have not come on board yet, but it is looking like that will happen next year, so next year will probably be the "take off". In a year or two the current price is going to look so tiny most of the public will be thinking how they could have made so much money if they just invested in bitcoin by the end of 2017.