Newness of Cryptocurrency Market Tantamount To Getting Out Of Your Car To Get Ready To Run A Marathon

For those freaking out that the gig is up, the game over, and the party girls have all gone home, the real party hasn't even started. This moment reminds me of the early 90s when the Internet bubble burst and all those that were hesitant to invest in that space, abandoned it outright believing it too unstable to handle the pressure. The smart money got in again While the blood on the streets frightened average mom and pops, who in distress called up their brokers asking them to dump all that they had.

Grant it the pressure on Internet stocks was weighed out over several weeks after the initial 'pop' But those who recognized the Internet was not going anywhere and that the infrastructure of what it has become today was not even in place during the early speculation. It seems to me the recent sell-off though much quicker in happening has the same sentiment.

Having watched the whole process in the 90s, it's my opinion that we are currently going through a similar stabilization process with cryptocurrencies and those that have been rattled with tremendous losses are again on the fence as to whether to quit the game entirely or enter the space once more. Surely the day that the Dow Jones industrial average dropped 666 points was a sinister omen that something was amiss and major was about to happen. The recent shakeout having played out over the past couple of weeks, it seems like momentum is building again and those wanting to get on the roller coaster are taking their seats for the slow charge skyward. Deep breathes everyone. Remember there has never been a 'global' market where all the citizens of the world can invest together on the same asset class and that currently there is little if any institutional exposure yet to this still new investment opportunity. Once the Big boys figure out how to enter the space and make it their own, ETF's, hedge funds, and mutual funds will all be able to allocate money to this market and asset class. Then it will be ready set go and then the race is on.