All bubbles look the same 🫧
Financial bubbles often begin with a gradual increase in value as early investors enter the market. This initial phase is characterized by steady growth and little public attention.
🚀 As more people invest, prices rise rapidly, fueled by media coverage and public excitement. At the peak, optimism and greed drive prices to unsustainable levels, creating a bubble.
During the euphoria phase, delusional investors and speculators start talking about how this stock/coin, unlike many others, will never crash and how it will change the world.
💥 When the bubble bursts, there's a sharp decline with some bull traps as fear and panic set in. And when the moment comes when almost no one believes in a price recovery, a new cycle of growth begins 🌱
Next to the illustration of the classic bubble chart above is a chart of Nvidia stock. Do you think it will happen again, or "this time is different"? 🤔
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