In 2017, we have seen a massive growth in cryptocurrencies. Since March 2017 Ethereum increased its market cap from 4billion dollars to a staggering all-time high of over 133billion dollars.
As of today, you may see the top 10 coins below;
Many people are comparing this exponential growth to .com bubble and tulip mania...
However, we haven't even reached 1 trillion dollars in terms of total market capitalization.
I wrote an article 5 months ago, which you can see below;
https://steemit.com/altcoin/@altugozturk/do-you-feel-like-you-are-too-ahead-of-everyone-else-because-you-invested-in-blockchain-technology
In that article, I mentioned the feeling of being ahead of everyone else.
You know what, I still feel the same way.
Even though I have felt the greed and euphoria since then, the beautiful market cycle is constantly feeding us to new all time highs.
We are still in early stages of cryptocurrencies.
9 out of 10 people have heard of what Bitcoin is.
However,
9 out of 10 people still haven't bought Bitcoin yet.
I have been meeting a lot of influential businessmen lately and one thing they ask most is "When should I buy Bitcoin?"
Some are waiting for below 10k, in a market where people with a lot of money waiting for a coin to fall for a safe entry.
Do you think it is possible for the price to crash?
The fall from 19k is obviously normal. If you look at the charts, the price was definitely pumped due to newcomers trying not to miss the train. FOMO!
Now that the price has corrected to a good level + still in correction mode.
I believe the fresh money will come in soon.
Especially after the launch of the "Lightning Network", we may see new highs for Bitcoin.
As a result, we will probably see an increase in market capitalization of other cryptocurrencies as well.
Looking forward to Q3 of 2018 for more profits. We are still waay ahead of a lot of people ;)
Much luck, love, and respect!
Altug