Nobody knows. The people who say that they know what comes next won't be here. Because they would probably be on their private island in the Maldives right now...
Chances are good that the old cycles of the past no longer apply today.
More and more big investors are entering the playing field, and they are acting a little differently. Above all, they have the money and the influence to fuel the market. And they have the pressure to make profit.
I also have the impression that the price drop at the turn of the year was not as brutal as in 2018. Not as many people got their fingers burned in such a nasty way. As a result, the motivation to re-enter the market is higher today than 4 years ago. I think it is extremely unlikely that we will now have to go through a 3-year lean period. Prices will rise faster.
So why not now, or tomorrow, or the day after tomorrow? The people are hot, but not burned. They smell profit - and they want profit. Psychology is the most important factor. And the psychology is right at the moment.
Chances are good that the old cycles of the past no longer apply today.
More and more big investors are entering the playing field, and they are acting a little differently. Above all, they have the money and the influence to fuel the market. And they have the pressure to make profit.
I also have the impression that the price drop at the turn of the year was not as brutal as in 2018. Not as many people got their fingers burned in such a nasty way. As a result, the motivation to re-enter the market is higher today than 4 years ago. I think it is extremely unlikely that we will now have to go through a 3-year lean period. Prices will rise faster.
So why not now, or tomorrow, or the day after tomorrow? The people are hot, but not burned. They smell profit - and they want profit. Psychology is the most important factor. And the psychology is right at the moment.