One day the bear is going to wake up… and he will be angry as f***

1. The visualisation

a) Crypto-market capitalization

b) Dow Jones Industrial Average in the Great Depression

c) NASDAQ during the dotcom bubble

2. Conclusion
There’s a buble on the cryptocurrency market, it’s huge and it’s about to burst. Most (or at least a huge part) of money is going to evaporate.

3. Explanation
If you are already here, Dear Reader, please, go to the https://coinmarketcap.com, check the charts of the biggest currencies – except bitcoin and ethereum – and try to count, how many of them has grown to at least 1000% since march 2017.

Were the markets wrong for all this time, pricing most of these currencies like shit? I don’t think so.

All they transformed and became upgraded during that period so vastly, that they’re basically new products with a lot higher value? No – for sure.

So what happend? Money drove to this market in an ammount, which can not be effectively transferred into real value in such a short period of time – and that’s how bubbles are made.

Does Bitcoin suddenly lost it’s well known downsides, like problems with the fluency of transactions?

Does Steemit really is worth over the half of bilion dollars right now? Why do I doubt? Beacuse from Poland, almost 40 000 000 people country, where 14 000 000 has a facebook account and 11 000 000 use it daily, and one of the most „bitcoined” country in the world – there are only about 200 Steemit users – and Polish are in the top of the most active nations here. (https://steemit.com/polish/@marszum/steemit-statystyki-polacy-do-boju-zaczynamy-podbijac-platforme).

Furthermore, there’s a lot of pretty higly-regarded (and higly-priced) projects, which value stands in 100% on the speculation, not the real commodities – like Golem, where the investors spent literally hundreds of milion of dollars on the project, which actually isn’t a lot more that a technological manifesto.

A lot of new currencies are just an ad-up to another products or services, which aren’t even finished yet.

I think that all of us know, that more than just another correction is approaching. The question is the size, and in my oppinion it’s gonna be huge.

So let’s prepare ourselves for shopping – I’m targetting the currencies designed originally only as a currencies – like Bitcoin or Dash – and the well-established projects, like Ethereum.