At the moment, bitcoin is actually the most popular topic, everybody talk about it except kindergarten. Not so long ago it reached a space height of 20 thousand dollars apiece and it is likely that it will move further. I do not pretend to be a crypto guru, I'm not a strategist or financial advisor, just a trader and reflect my purely subjective opinion. Look at the euphoria of growth happening in the market, where the money does not sink, everything grows, the capitalization of the market grow up $ 20-30 billion per day, but twoevery day-thirds of that money is not invested in bitcoins, so investors are gradually losing interest in this revolutionary, but already clearly not a fresh technological solution, the purchase of bitcoin is also associated with the need to enter it on exchanges and then exchange for more interesting coins from the point of view of investment. Plus for me personally, the significantly increased commissions for translation and limited opportunities for multiple growth in the near future, led me to think of abandoning this tool in favor of others.
Any person understands that the amount of money is finite, sooner or later the market will be full and no one will invest. What will happen then is not difficult to guess, a sharp drop to the bottom of a fair price, especially as there are historical examples. Shares of the company of the South Seas, in the early 18th century, they were bought even by peasants, given that there was no television, radio and social networks, the PR company was more abrupt than that of bitcoin. For a year they grew to a thousand pounds and for a month fell to 190, then even lower than a hundred, but then the Internet was not exist, so now everything will collapse much faster. Together with them the whole market collapsed, even the shares of successful companies fell 4 times.
Everyone knows the tulip fever in Holland when people believed that the bulb of a tulip is worth its weight in gold and bought for that price, Some spent on it whole states, people were told that tulips are a guarantee of enrichment. When everything suddenly collapsed, the country's economy lay in a deep crisis for four years.
There are no grounds for buying bitcoin at current prices, except for how easy and quick it is to earn money. This is its main resemblance to previous stories. The amount of money is finite, and sooner or later it will stop buying, then everything will collapse. The market always develops in a similar way, this is not a planned economy. Today is December 19, and judging by the charts, the two previous stories happened during the New Year period, and here also the bitcoin futures launched which sharply jerked up. I trade 10th year, I bought more than once at the top, the first flight of the fall to the bottom of the Euro in November 2009, then the market gave me a lesson that I remember for a lifetime. It's impossible to earn all the money when everyone screams what to buy, and even kids start trading with bitcoins, grab what you've earned and leave the market, until you calm down and find another with greater potential and lesser risks. Below, see the figure, how everything works brilliantly. Does not it look like anything?
