The Crypto Hysteria VS How Comfortable Is To Be Living In A Bubble

Is it comfortable to be living in a bubble? Probably yes, as long as you do not see the trouble.

More than 900 different crypto-currencies and crypto-assets are launching on the market having another pretty much every day.

We might not be able to hear the coins’ sound anymore because anyone with a digital idea may slip a coin and go with it.

The dot-com history is repeating. Right now. 

We are witnessing now a king of crypto hysteria with the boom of the bitcoin, which is quite extraordinary. 

Since the beginning of the year the bitcoin is up with 140% and since July 17th has risen with 30%  and today the price skyrocketed to $2730.

Why the bitcoin is so often connected with a bubble and what has driven up the price? 

Is this a virtual tulip mania, a speculative hysteria or the rising price is the main driver for investing?

Well investors are encouraged by the rising price, no central banker and money printers may influence. The system may arrange you buying of whatever you like - from any junk food to computers. Whatever you like. 

This is a shape of digital gold. It’s meant to be exchanged into real currencies and regulators are considering to take it seriously. Very close example is Japan’s policy, which additionally boosted the price of the bitcoin.

However, I think that latest highs are somehow dizzying  and you should not consider your investments so seriously.

Also  the situation is not so quite dotty. It’s an innovation that might drive rise to more of it. 

But generally innovations are dangerous and the risk remains valid during balloon is inflated.

Currently it’s the paradise city for the scampers. And what of ICOs appear soon? There is no healthy bubble. 

And as Katy Perry sings:

Up there in utopia, where nothing will ever be enough

Happily numb
So comfortable, we're living in a bubble, bubble.

Take off the rose glasses!