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Bubble inside Bubble

BITSTAMP:BTCUSD   Bitcoin / Dolar
Hi,
This is not a trading plan but a likely scenario for another giant Bubble for Bitcoin             .

BTC             is growing bubble after bubble (4th in its history since 2008).

Take off has ended at $20.000 when CME Future Contracts opened.
Investors has shorted heavily via these contracts. Institutionnals are coming slowly into this market where in the same time where governments are trying to find solution for regulation on cryptos (it's needed imho             )

The market cap is still ridiculous in comparaison with other assets.
Many people make the comparaison with the Dot Com Bubble in 2001. That's true, i think BTC             could lead the same road but maybe at higher level.
The total market cap in Dot Com market, when the bubble burst, was 9.6 Trillions !
At $20.000, the total market cap in Crypto was "only" 800 Billions, almost 10x less than dot com market capitalization in 2001.
lol why people compare Dot Com boom with Blockchain boom, actually Blockchain is part of IT technology and part of Dot Com... you can't mine and proceed transactions without internet and etc... so Dot Com gave birth to Bitcoin indeed.
its just small branch of IT sphere... and don't expect it to reach at that level...
Balas
Smart money got in way back in 2010-2012 or in 2014-2015. Regardless, the likelihood crypto is actually going mainstream this year is not likely. They've only heard of it as of now, the public that is. However, for them to be able to actually invest in it is far more challenging right now. You're likely looking a another couple years down the road for when onboarding is super easy and everyone is finally investing the crypto space like they did in the dot com bubble at the end of in 1999
Balas
Cool! But in this timeframe is 5K, 3K still close... Personally I hope you right. Let's see what happens.
+1 Balas
interesting idea.. kinda like it... but despair at 20k? maybe for those who will be buying at 100k(according to this idea) lol...
Balas
agree, perfect bubble
Balas
I personally believes that we are in one of the worlds greatest bear trap in the history of bear traps...
+8 Balas
9.6T - yes. But started from much higher position too.
In 2015 cryptos were only 3B$ marketcap. At the top were 850B$, with projects icos popping more crazy, than in dotcom. Blockchain in the name and your stocks moon. Too much resambles, cryptos are faster, so for nothing seems to indicate we have any reversal.
Balas
Looks good bro
Balas
Bubble of the bubble? It would be horrendous, and will have extremely bad effect in the end. I would rather end it with bull trap here.
Balas
JoshuaVanier ja.piotr.bor
@ja.piotr.bor, dumb. that would end blockchain as we know it.
Balas
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