BitcoinShort
Printing money out of bits..!
I published this post privately on May 9th,2022, when Bitcoin was above 33K, now I want everyone to have access to it.
Most speculative assets in the stock market are trading below their tops before the Pandemic Crash in February 2020.
For instance:
Facebook was a trillion-dollar company on September 1st,2021, and now is a 551 Billion dollar company, almost 15% below the pre-pandemic levels.
or
Netflix which is an 80 billion dollar company was 163 billion dollars before the pandemic and surged to 306 Billion dollars!
But why did I choose these 2 examples?
First, Because the Total crypto market cap today is 1.48 Trillion almost equal to FB+NFLX at their top..! and it is -51% below its top:
The second reason was to show you similarities between NFLX and its competitors which end up very bad for all of them. increased number of online streaming providers Like Apple TV, Amazon Prime, HULU, Disney, ...etc and the limited number of users..! The same is true in the crypto world, total crypto projects were 2810 before the pandemic and now it is 10397, almost quadruple in 2 years..!
But only 300 million people around the world invested or use cryptocurrencies!
While 7.6 billion of the world's population use 180 fiat currencies, 300 million use 10397 crypto projects..!
isn't it funny???
While those who promote Cryptocurrencies criticize central banks for "printing money out of thin air", they do the same thing and print money out of bits.
There is a possibility that bitcoin and other cryptos experiencing an 80-85% depreciation which had happened twice in the past..!
Keep in mind trading crypto for the short term could be very different from the long-term outlook..!
There is one undeniable truth, there never will be a bailout in the cryptocurrency market..!
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Most speculative assets in the stock market are trading below their tops before the Pandemic Crash in February 2020.
For instance:
Facebook was a trillion-dollar company on September 1st,2021, and now is a 551 Billion dollar company, almost 15% below the pre-pandemic levels.
or
Netflix which is an 80 billion dollar company was 163 billion dollars before the pandemic and surged to 306 Billion dollars!
But why did I choose these 2 examples?
First, Because the Total crypto market cap today is 1.48 Trillion almost equal to FB+NFLX at their top..! and it is -51% below its top:
The second reason was to show you similarities between NFLX and its competitors which end up very bad for all of them. increased number of online streaming providers Like Apple TV, Amazon Prime, HULU, Disney, ...etc and the limited number of users..! The same is true in the crypto world, total crypto projects were 2810 before the pandemic and now it is 10397, almost quadruple in 2 years..!
But only 300 million people around the world invested or use cryptocurrencies!
While 7.6 billion of the world's population use 180 fiat currencies, 300 million use 10397 crypto projects..!
isn't it funny???
While those who promote Cryptocurrencies criticize central banks for "printing money out of thin air", they do the same thing and print money out of bits.
There is a possibility that bitcoin and other cryptos experiencing an 80-85% depreciation which had happened twice in the past..!
Keep in mind trading crypto for the short term could be very different from the long-term outlook..!
There is one undeniable truth, there never will be a bailout in the cryptocurrency market..!
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
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