š„ WHEN WILL THE ALT HYPE BUBBLE BURST ? - VOTE HERE AND GET THE TOOLS TO UNDERSTAND A SPECULATIVE BUBBLE'S STAGES! š„
We all enjoy it - The situation shows an astronomic rise of BTC. Based on the current and fantastic profit ratios plenty traders pop up with the question "how long will it last", or in other words "when to close the position? / should i still enter?"
INTENTION: PROVIDE YOU SOME INFORMATIVE, SHORT AND SNAPPY WORDS ABOUT SPECULATIVE BUBBLES, COMBINED WITH A POLL "WHEN WILL IT BURST???", IN ORDER TO MAKE MOST PROFIT OUT OF IT š Here we go:
There are five stages of a bubble (ref.: most economists):
1. Displacement, meaning investors become taken by a new innovation or development. New releases are pretty exciting, aren't they? BTC and other stable coins retraced to EMA - Pretty boring or annoying?
2. Boom, prices climb higher. Slowly at first but then pick up speed as more investors jump in out of fear of missing out (FOMO). Significant amounts of money and/or influence is required here. Aren't we prone for this in the coin market? Ever heard abot whales? Why did so much money enter the market out of nowhere?
3. Stage three is euphoria, the market momentum, not economics, is driving the way and even tiny investors can't deny the greed. I think we're there.
4. The profit taking, investors who believe the bubble will soon pop start cashing out.
5. Panic, an event bursts and we enjoy a freefall experience. Scalpers paradise - earn more than caused by the inflation of the bubble.
WHEN WILL THE PROBABLE BTC BUBBLE BURST ?
!!!PLEASE VOTE BELOW!!! I THINK EVERYBODY IS CURIOUS ABOUT THIS
Assessment:
I understand the uncertainty regarding the superior important question for each coin "Is it even a bubble or did the market turn bullish?". For now i go for bubble. It origins in the comparison of the stages with the current picture and is highly subjective.
Your T4P
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No financial advice. DYOR
