Paul Mampilly Defines a Bubble

Everyone who paid attention to Bitcoin in 2017 knows that it grew a lot, only to crash at the end of the year and the beginning of the next year. Let us remind you that the great investor, Paul Mampilly, warned that this would happen. Bitcoin first rose to nineteen thousand dollars, and then it went down to a measly six thousand dollars. However, Paul Mampilly is now warning us that the worst is yet to come. If you think that six thousand dollars is bad enough, be prepared for an even bigger crash. Bitcoin is just not a good thing to invest in, and you would be better off if you took your money and invested it elsewhere. Read this article at Seeking Alpha.

The reality is that people did indeed make money with Bitcoin. Nobody can deny that. The cryptocurrency was worth just around one thousand dollars at the beginning of last year. At the end of last year, it was worth nineteen thousand dollars. This means that people who invested ten thousand dollars ended up with over one hundred thousand dollars. However, the reality is that such large gains can not be kept forever. They can not be sustained. For all of those who made money, we are extremely happy for them. At the same time, it would be wise to take the money out of the cryptocurrency right now and invest it in something else. Those who did not take profits when Bitcoin was at its high eventually lost thousands of dollars, all because of their greed and ego and their inability to admit that they made a simple mistake. If they continue to hold onto Bitcoin, they will be faced with the reality of losing even more money and ending up with nothing. There are people who are feeling ashamed of their decision not to invest in Bitcoin a year or two ago. However, there will be even more people who will be ashamed of their decision to continue holding onto Bitcoin even when the prices are sure to burst, as predicted by Paul Mampilly. View Paul’s profile on Linkedin.

Paul Mampilly says that a bubble is defined by an asset that is being invested in by a lot of people but does not have any substantial and functional value other than the rush to buy it. This means that as soon as people start taking profits, it will burst and the other people will lose their money. Check: https://banyanhill.com/expert/paul-mampilly/

 

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