5 Red Flags to Spot in the NEXT Cryptocurrency Bubble
Now that the dust has settled from the cryptocurrency bubble that we witnessed in December 2017 and january 2018, we can look back at that time to reflect on the signs and red flags that were out there which would have suggested that we were in the midst of a speculative mania.
By doing this, we can figure out what to look for as we had into the next bubble that will occur, and what signs we can look out for that might suggest that it's a good time to lock in some profits and sell a portion of our portfolio.
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
▲▲▲▲▲ Looking to get started with cryptocurrencies? Check out my crash course here: https://louis-thomas.teachable.com/p/buying-bitcoin-crash-course
It is very difficult for me to see that cryptos were a bubble, and even more difficult when you try to point out things to be careful about...bubblewise..
Bubbles tend to burst with a big bang...not loose air slowly and gradually...so why are you talking about bubbles?
Yeah, I know that you could say that people bought Bitcoin three times the price today...when I bought my house, the price doubled in the years that followed...then dropped back again...was that a bubble??
lol definitely less mania. When bitcoin was at 20k I saw cars with bitcoin sign plates. That’s going to be one of the important signs when crypto is in bubble. People and friends celebrating crypto profits, feeling greed, mainstream media as well as celebrities (as you pointed out) talking about it all the time... 😞 We definitely don’t feel this way today. However, I know there will be one day when I’m thankful for today’s low crypto prices.
My plan to start taking profits is when my investment grows by 3 folds. I will cash out only what I’ve invested with the rest cashing out when I retire. 3 folds may be a lot, but that’s what my mind is set. If we go lower, I buy more. There is still some cash sitting on the sidelines.
It's really difficult to know. When Those prices are up it's difficult to think straight as you want them to keep going up. I hope people do learn their lessons though
Great initiative but also important to note in the next bull run is to take profits to pay down debt, save for an emergency fund, and/or diversify. That way, the bear market would hurt much less.
To avoid “garbage coins” coming out in bull market, you just have to stick to your coins you are invested in today with at least over one billion valuation. You as well can say the same about when market is completely oversold. Instead of celebrities, mainstream media, friends etc talking crazy about crypto, there would be complete quiet, non talk or if any talk, people would be talking about bitcoin as being dead, or it’s over for cryptocurency. I’m actualy starting to hear it now. There is not a day when I read about bitcoin being dead. When it’s a bubble, everything goes up regardless it’s fundamentals. That’s why you have to be extremely cautious and careful.
Thanks for the insights. Will be good to get ready for signs of when crypto has bottom and make a video about that :) hopefully soon. Thanks.
With BTC dominance and everyone now starting to state how BTC is king again it may be worth diversifying more in the top alts. I am selling BTC on rises but holding LTC as it is undervalued IMO.
I never saw the post of Katy Perry's nails. Your right, there were a lot of signs. It was fun riding the wave up.
I love the content you talked about
you are rite I am anxiously waiting for the part-2 (hopefully I would be able to understand technical stuff) ;)
very good tips Louis !