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.
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.
