110,000 people a day getting into Crypto Currencies

in cryptocurrency •  7 years ago 

As the world wakes up to crypto currencies, the increase of people signing onto exchanges is going parabolic. The global average is hovering around 110,000 people per day signing up. Think about these staggering numbers for just a minute. Each person getting an exchange account (Coinbase, Kraken, Poloniex, Bitfinex, OKCoin,BTCC etc) plans on participating in the, here to stay, FinTech industry. One does not get a crypto currency trading account unless they plan on using it. The average crypto exchange user participates with well over $100.00 US Dollars. This gives a daily average of $11 million being pumped into the market. Even at this rate, we have not even scratched the surface of this FinTech (Financial Technology) industry. We are many years away from reaching anywhere close to being in "bubble territory". In the financial markets, a bubble is only when 33% or more of a population is participating in a market. An example of a bubble would be the most recent real estate bubble that occurred in the early 2000's U.S.A. By the time the sub prime lending bubble started to fracture in September 2007 the market had over 42% participation. The participation included private individuals, commercial investors, hedge funds and pension participation. The real estate fervor was everywhere. Cable TV shows on house flipping and do-it-yourself handyman shows exploded. Everyone was buying and selling. As they say "when your hair dresser is getting in on it, you are in a bubble". Yes it is hard for a market to continue to rise and have tremendous gains when over 42% of a population is participating. Once numbers get close to being this high the smart money has long since left the market with their profits. Currently we are not even near 0.001% participation in the FinTech/Crypto Currency industry. It will be years if not a decade (10 years) before we are getting close to a potential starting of a bubble. With that being said, invest early, invest wisely and invest well. We have a long bull run ahead of us and yes, the early bird does get the worm.

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Upvoted. Followed!

Thank you very much. I will follow you as well!

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