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 would not be surprised if in fact we are in the Euphoria stage, almost everything except bitcoin is pumping right now, once bitcoin starts to pump people will transfer money in to it from alts and then we may see mass profit taking, I know now many people who've been in to cryptos for less than a year and started with almost nothing who are now in positions where they have life changing money and that's a dangerous position for the market to be in because it's the stage at which cashing out starts to become a real option and consideration.