"History repeats itself because no one was listening the first time"...
Well, it sounds like a wise quote, which is for sure known by everybody. But most of the people think, that these are just some words without a deeper sense. So, exactly those are the people because of whom history does really repeat itself!
I mean: does really NO ONE realise, that we have EXACTLY the same situation, like in 2000 - 2001?
the stock markets all over the world are charging new highs! So do also the cryptocurrencies.
we have a really innovative technology (BLOCKCHAIN) which will for sure revolutionise everything: finance, law, communication
BUT: we also do NOT HAVE any real profit out of that FOR NOW. That means, that the technologies itself do not bring us some stable profitability. And that is really dangerous FOR NOW.
In conclusion that means, that everybody just buys, buys, buys and buys.....
And what happens when there is no one on the buyers side anymore?
Exactly: the prices go down and the bubble bursts!
On the page: http://www.seasonalcharts.com/zyklen_wahl_dowjones4j.html there is the so called "Election Cycle of the DOW JONES" which "predicts" something like this chart for the year 2018:
So maybe it wil be already the end of the last BULL-MARKET (2011 - 2018). But maybe there will be some other highs in 2019 and at the latest then the next BEAR-MARKET will take over for a decade or so....
What do you think about these thoughts?
steem regards!
your: Legal Tech Expert.
P.S.: If you like the cover image, don't hesitate to check out the marvelous gallery of https://steemit.com/@nevio