ALERT!!!
BUBBLE BURSTING!!!
TURN TO GOLD AND SILVER!!!
I TOLD YOU SO!!!
As of now without obvious reasons the cryptomarket collapses!!!
So or similiar could read the headlines all over the cryptospace right now.
Let´s take a look at the numbers and see whether there are not only bears but even a groundhog imminent?
What one can say looking back from the beginning of the year we saw a 10x increase in total market capitalization of cryptocurrencies. For those of you sticking to Cryptos since a year or more experienced rarely seen capital gains within a very short time frame. The huge gains, the anticipation of promising technologies, the 24/7 market, few to none regulatory institutions felt like the stockmarket on kokain.
Now that there were/are 5 major setbacks everytime the market undergoes these dumps it finds support but thus far never recovers to spring/beginning of summer levels when it hit nearly 120 Billion $.
For comparison the market capitalization of all publicly traded companies in May 2008 dropped from 57 trillion $ to under 40 trillion $ in September 2008. The old market lost nearly ONE THIRD its capitalization within the summer of 2008. The whole loss of around 17 trillion $ presents still 200000x the current market capitalization of the cryptomarket (as of now with 80B $).
Personally I started investing with a vision in my head of maybe beat the inflation rate not even thinking of 100%gains within the next years. I noticed the possible potential of blockchain technology in the future.