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
I also think we are in step number 2 and the bubble is still far away. The bubbles may actually happened some were in 2023 according to my own analysis and reviews. Bitcoin has not been adopted by mainstream media and online mainstream retail shops and I believe between now and then we are going to experience a very great change that is going to couse a lot of adoption and progress. I have a dream that Bitcoin is going to go as high as $60,000 in 2018.