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
Well, I think almost this steps is just only become rotation. Well its the marketing pattern of bitcoin it is not only just boom or just only displacement but rather all of them are rotating in order to gain or lose the price. If it's all stick in displacement last year and this year are only to boom I don't think that there are ways to bitcoin to become more valuable and expensive. In order to gain more we must also experience the ups and downs of the market of bitcoin.