According to this article: https://www.investopedia.com/articles/stocks/10/5-steps-of-a-bubble.asp, there are 5 steps going to a bubble:

1. Displacement 2. Boom 3. Euphoria 4. Proffit taking 5. Panic

I think we are in step no. 2 Boom, as the global MCAP is not even in the trillions. Also, the mainstream adoption is still in its infancy (1% or so), but the idea is that we need to stay alert about the first signs of a bubble burst.

In which step do you think that we are in now?
What do you think that those first signs will it be?
What contingency plan would you implement?

Thanks