Let's compare Crypto to the IT-Boom we had a few years ago!
Do you still remember the Tech-Boom which was pretty much like the recent Crypto-Boom.
It was promised so much in the Tech-Boom just like in the Crypto-Space. But if noone would use E-Mails today. These gains would not have been consistant. Also think about the hole online shopping space, which was a place for fraud and theft a long time. Now you can feel basically safe to buy online almost always! The adoption also took some time right... Now it's up to the main adoption of Crypto. If noone will use Crypto in real life these price levels can't stay the way they are.
In a lot of countrys where the people don't trust their governement and the fiat(money) attached to it we can already see adoption of cryptocurrencys. In Venezuela where there is 6000% inflation people are laughing at the volatility of Bitcoin. 6000% inflation means you get payed for your work today and if you don't spend your money right away it's going to be worth half tomorrow! Also a small island i the pacific called the Marshall Islands created their own cryptocurrency to not be bound to the dollar. So we clearly see the adoption rising.
Don't forget the Steem platform which attracts a lot of people each day! That's what I really love about Steem you can get involved in crypto without investing and without noticing that you actually use the blockchain. It's a great way to get people started in crypto!
Here you can see the alexa stats on Steem:
Maybe you want to take a look:
Let's also take a look at the charts and compare the Nasdaq Index 100 with the Crypto MCap.
The nasdaq 100 index represents the 100 strongest tech stocks:
Cryptocurrency market cap:
To me it looks pretty similar and it might be that it repeats itself. If that would be the case we could be looking at another retracement to 6k-8k before going up and reaching new all time highs.
This would be awsome for us because than we can buy some more cheap coins before the next major run up!
What do you think?
Do you buy right now or wait for it to go down lower?
Leave it in the comments! Let us share our thoughts and profit all together!
As always this is not investment/legal advice! Please do your own research!
I wish you all the best of luck and until next time guys!
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As always this is not investment or legal advice! Please do your own research!
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