Don't panic... stop listening to the idiots. Get off the coffee, sit back and have a sip of decaf.
We've evolved not to swing from trees people. Act like it & lets use our head for a moment. Since money & markets are something we're all familiar with I'll be using them to explain something I've yet to hear anyone speak about in all this crypto bubble nonsense.
America has a population of 325,087,720 as of our census in 2017. How many people do my American readers know have crypto? Very few right? Many still say it's for drug dealers, getting illicit services etc right? We're trading a currency that's based on a maximum of 21,000,000. It sounds like a lot right? But that's only 15 bitcoin for every American & they're not even all mined yet.
As time has passed crypto has been in & out of fashion. It's had its ups & downs. But recently there has been a market shift & a big one. Japan entered the market bringing a potential additional customer base of 126,047,331 China brings 1,388,136,573 India brings 1,349,594,732.
Just these 4 countries brings our potential customer base to 3,188,865,636. Add onto that it's "new" to some. Just these changes happening will make local news. Think instant viral marketing. This isn't even taking into consideration all of Europe & S America & the rest of the world that has been using it to this point.
Anytime you add 3 BILLION people to a market, even a small share of them, will make a huge demand. To me it would seem logical that the market value would enlarge based on the % of people who use, hold it as per demand requires.
Remember when Overstock.com said they were going to accept bitcoin & what that did to the market? Just think, that's just a SMALL % of the people we're talking about today. Luckily this market pressure is distributed across the crypto markets. So it's not just bitcoin, look around. The news waves are going to be bigger, there's more people involved now.
The new customer base may not be locked into traditional crypto favorites that have gone undeclared at this point. The market may demand different things to accommodate more people. 21,000,000 may be entirely useless very soon. So keep that in mind.