It is speculated a lot of a drastic fall in the virtual currencies like consequence of a “special” news, one of those: “China prohibiting the ICO’s”, but analyzing more deeply, this can be happen:

1) A maneuver to seek to lower price to invest or
2) The beginning of a economic bubble.

It is mentioned a lot in specialized magazines that if it became a bubble, would have similar behavior to the Tulip bubble.

I Hate Tulip!

“Tulipmania: was a period in the Dutch Golden Age during which contract prices for bulbs of the recently introduced tulip reached extraordinarily high levels and then dramatically collapsed in February 1637. It is generally considered the first recorded speculative bubble, although some researchers have noted that the Kipper- und Wipperzeit (literally Tipper and See-saw) episode in 1619–1622, a Europe-wide chain of debasement of the metal content of coins to fund warfare, featured mania-like similarities to a bubble.” Wikipedia

Ok we have two scenarios, now see the general economic bubble chart from wikipedia:

Source: Wikipedia

Now les see bitcoin chart:

There are three key points on climbs:

Personally, we must be careful and follow and see the graphs, but I do not think we are still in the stage of “New Paradigm” because we have not managed to reach the stage of “Mania” because currently the percentage of the world population that does not know of Cryptocurrency is very small. According to the research house Juniper, the population that knows and uses bitcoin will be 5 million by 2019. It does not reach even 0.01% of the world population. No “Harvard Genius” behind an economic bubble is going to blow it up without inflating the balloon.

The “Mania Phase” will be available when you can buy some vitamins in Walgreens with bitcoins, and we are very far from it. My advice is to keep all the coins until the curve recovers and invests a long time.

“After two massive bubbles in the U.S. in less than a decade, many people question spotting bubbles ahead of time is so difficult. In every bubble, a number of people do correctly identify the bubble. As in the story of the boy who cried wolf, however, the truth is apt to be disbelieved. The problem is that in every market, there are always people claiming that prices are too high. That’s what makes a market. As a result, the cry of “bubble” is far more often proven wrong than right.” (Source: Techcrunch)



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1 Comment

Tulipmania and Bitcoin, the bubble is coming? | · September 8, 2017 at 2:22 pm

[…] Source: Tulipmania and Bitcoin, the bubble is coming? […]

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