RE: Goldman Sachs On The Cryptocurrency Market
Personally I believe that the end of this year and the beginning of the next year will be the time big institutions from all segments of the business sphere and the governments will start buying cryptocurrencies in huge chunks. Until about 5 months ago the cryptocurrencies were not taken seriously by the vast majority but that is changing at this point after the huge rise we have seen recently. We are shifting from crypto enthusiasts and firm believers to wealthy individual investing into space which will be continued by the institutional investors and governments. We are still very early in the game with approximately 0,3 percent of the world population being aware of the cryptocurrencies. Neverthelles, things will pick up pretty fast and the rise in the 6 months will continue even faster. The train is leaving the station and those that are not onboard will miss out. Cryptos will be worth trillions of dollars in the next 2 to 3 years. Those are very exciting times to be in. Oh well, just my thoughts. Have a great night everyone.
I agree as well. Hoping my few hundred dollars will turn out huge for me in the future as that is all I can invest with at this time.Im hoping it will make me enough that I can one day open my own business that accepts crypto. Crypto only has one way to go in my eyes and that is up. All good newsthat comes out for crypto just makes people more and more optimistic.
basically this.. i think everyone else feels that there has been a huge turning point in 2017 where the tide is now in our favor. we've grown from a small piddling market cap to something that actually has meat to its bones, and this beast known as bitcoin/cryptocurrencies/assets feeds more and more every single day. the revolution will be televised!
I hope so!
That is exactly the problem though isn't it? that we think of holding crypto for profit, means we are thinking about it in terms of stock.
For adoptions and price stability to happen and be used as an actual currency, we need more people using it to buy/sell good/services.
From what I see, most people hold crypto, a small percentage of the trade back and forth on exchanges, and small percent use it as it was intended.
The bubble many talk about is the fact many hold it. Should many decide not to hold any more(for whatever reason) the price can go down just as fast as it went up. The Fear Of Missing Out on buying and hold crypto right now is fever pitch and at an all time high.
Never put all of your eggs in one basket!