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Author Topic: How long will the big crypto rise last? What will happen to us after that?  (Read 1176 times)
CryptoBry
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June 11, 2017, 04:16:47 AM
 #21

The thing is that for now it is so hard to predict when will this ongoing rise of the cryptocurrency market can peak. Of course, the time will come when the growth will reach a certain plateau and then after that it might be seeking new ways to grow...it is just a natural pattern of things.

For now and for many years to come, the growth is really here because we are still scratching the surface and have not yet  started digging the whole thing. There is now a wide room to grow and those pioneers will always experience a record avalanche of profits.
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June 11, 2017, 05:03:29 AM
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It can go on like this for years, with some dumps in between. Crypto s still uncharted territory and not even 0.1% of the population and investors are into it. Lots of space to grow, would not be worried about it.

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June 11, 2017, 05:12:25 AM
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Very hard to tell.   The total market cap of the thing that comes closest to crypto, namely speculative derivatives (no, not "gold"), on which the financial world gambles big time, is 10 times the world economy, or about 1.5 quadrillion dollars.  Crypto being the purest form of speculative gambling, and some countries putting up a legal frame for professional finance gamblers to enter the market, the potential is huge.  There's still a factor of 10000 from the current market cap.
No, crypto has nothing to do any more with tech or block chain or currency: it are abstract gambling tokens on clearing houses, called, exchanges, who will be the next big financial institutions.   Crypto is one of the better greater-fool games in town.  If ever it takes off with professionals, the next big financial crisis it will cause will make the crisis of 1929 and 2007 look like small dips.
In the end, it will crash of course, because apart from a greater fool game, there's not much in it.  But in the mean time, it has the potential to become HUGE, and it can take years, but it could also go much, much faster.

What is almost impossible, is a steady rise for decades in a row, that strongly outperforms other investments.  Indeed, no professional investor is going to play in the "normal investment market" when there are systematic double-digit profits to make systematically with crypto.  A steady rise for years and years in a row is the only thing that cannot happen.  At a certain point, when it is "established" that crypto is much more profitable than normal economic investment, crypto will suck in almost ALL investment capital, and that will go VERY FAST.  The only restrictions can be of legal nature (banks not ALLOWED to do this or something of the kind, but they will set up constructions, like shares in fake private companies that invest in crypto).  When the normal economic investments will be asphyxiated because all capital flows into crypto games, the inevitable crisis will start.   This can be 10 years from now, or 6 months from now. 
Professionals will not want to be left out of this juicy game, and their very inflow will make the prices explode (is this the modest effect we're seeing right now?), which will bring in more professionals... until there's no more greater fools left, just IOU on exchanges, representing numbers on block chains.
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June 11, 2017, 01:28:55 PM
Last edit: June 19, 2017, 09:13:17 PM by PremiumCodeX
 #24

...
One neglected area of crypto valuation is a "safe haven" of wealth storage for those concerned with nations attempting to spend and tax their way out of debt.
...
A case could be made for bitcoin and crypto being the best method ever invented to achieve this.

Sorry, for shortening your answer down. I just wanted to point out these things.

Yes, on the one hand, crypto could be a "safe haven" because it works with a decentralized, global communication network so no nation's or company's economic collapse will destroy it.

On the other hand, there are volatility and hacking. New crypto are often vulnerable to hacking, therefore the "safe" is questionable and even with old crypto, we have a high volatility, which endangers the safety of the value that you hold.

What is your opinion on these two threats: hacking and volatility, that endangers crypto being a "safe haven"?



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