Paul Mampilly is an investor, financial expert, and author who helps the average American to become a better investor. He believes that cryptocurrencies are on the verge of crashing and has been advising people to get their money out of them. He is letting people know that the cryptocurrency bubble is going to burst, and he believes it will be akin to what happened during the explosion of the internet in 1999. That’s when a spread of technology stocks shot up in price, but this was before they would sink to new lows during the 2000 and 2001 calendar years. Read this article at Forexvestor.com.
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
Paul Mampilly is pointing out that anyone who invested in major cryptocurrencies over the over the last year has most likely made a lot of money. He has also been working to explain what cryptocurrencies are to people who have no idea about them and has commented that they are a digital currencies that are not controlled by a centralized organization or government. They are decentralized, and Bitcoin was the original cryptocurrency. Due to its popularity and growth, many other cryptocurrencies came about, and now, there are a plethora of them. There are only really two cryptocurrencies that are competitive with Bitcoin, and these are Litecoin and Etherium.
Paul Mampilly is also trying to explain to aspiring investors what an economic bubble is and how it comes about. He has commented that this kind of thing happens when any kind of asset is bought and sold at a price that is much more than it is actually worth. He also has spoke about how bubbles are hard to see coming, ahead of time, but that there are telltale signs that investors can be on the lookout for. One of these signs, according to Mampilly, is when the asset is trending so much that it generates a crazy amount of excitement around it. Sharp and sudden huge spurts of growth will not continue over time, and this means that Bitcoin will probably crash at some point.
Paul Mampilly has commented that he believes people can still profit after the crash, because the technology behind cryptocurrencies is amazing. They are ran by what is called the blockchain, and this technology is allowing for a very secure system of records to be constructed. He believes there is a more long-term future for cryptocurrencies and that people should be looking at the long-game rather than short-term gains. Visit Bizjournals.com to know more.