No matter how high an airplane flies, it will land soon or later. According to the financial guru and once a hedge fund manager, Mister Paul Mampilly, the current cryptocurrency bubble that people are enjoying and investing their money in, will soon burst. The only thing he is not sure of is the specific time. However, soon you are going to lose your money. Those are bad news, right? But he has given his advice on this matter to salvage you from terrible losses.
The current state of cryptocurrency bubbling is similar to the one that occurred in 1999 that left many investors nil and wretched. In the 1999 scenario, Paul Mampilly sold all his stock before the explosion hence he never lost any money. Nevertheless, the stock prices continued being high and he thought he had made a mistake for selling his stocks earlier. But in 2000-2001, the explosion happened and many lost their money and he was glad for taking his earlier decision. Visit the website paulmampillyguru.com to learn more.
My colleague, John Wilkinson and I go LIVE in LESS THAN 30 MINUTES! Be sure to tune it at 1:00 pm Eastern Time.
— Paul Mampilly (@MampillyGuru) May 17, 2018
The same situation is here with us, says Paul Mumpilly, where Bitcoin is at $ 19,000, Ethereum, Litecoin and other cryptocurrencies ranging high; this is because their bubble is almost exploding. Bitcoin since its establishment in 2008 as the very first cryptocurrency has made many millionaires within months and it has continued to grow. As it became more popular, many accepted it as a means of payment in their P2P payments and even nations like Japan accepted it as payment means.
In 2013, Ethereum was launched and in 2017, its value grew by 13,000% and many smiled especially the early investors. And actually, it has become one of the major competitors of Bitcoin. Every financial expert has an insight that the current Bitcoin value of $8,000 is a bubble that will explode any time soon. It dropped from $19,000 to $8,000 within no time and according to some experts including Paul Mumpilly, the worst should be expected soon.
A good sign of a stock that’s about experiencing a bubble is that it sells or is traded at a very high price that outweighs the functional and the actual value. When investors see the high prices they are attracted and they tend to invest even more in the future success of the stock; this is what causes a bubble. According to Paul Mumpilly, any asset that gains so high public interest and has sharp prices is a warning sign of unexpected bubble burst just like in bitcoin. Nevertheless, even after the crash, blockchain technology still has some advantages but don’t wait for the nil balance surprise one morning. Visit: https://ideamensch.com/paul-mampilly/