The Cryptocurrency markets are about to party like it's 1995.
Get out your dancing shoes ladies and gentlemen.
Think tech stocks, think NASDAQ, think the internet.
That's right, in a statement out from Ronnie Moas yesterday, he said he thinks this is just the beginning of the adoption curve for cryptocurrencies.
In his words:
"This looks to me as though we are at the same point in the adoption curve as we were in 1995 when we went from one million internet users to ten million internet users."
A 10x increase, that sounds nice.
However, don't forget what happened next:
"The following year the Netscape browser came online and we went from 10 million internet users to hundreds of millions of users overnight."
Now we are talking!
That sounds great, but who the heck is Ronnie Moas?
For one, he has a great last name. In stock circles, MOASS stands for Mother Of All Short Squeezes. So, with Moas, he certainly has got the right name for the industry.
He is an independent stock researcher that has long made great calls for his clients predicting macro stock trends.
Regarding cryptocurrencies, he called for Bitcoin to hit $5000 this year a few months back, before many of the others have made a similar call more recently.
I wrote about him a little back then, it can be read here:
Since that time Moas has basically gone all in on cryptocurrencies.
In fact, you can probably remove that "basically" word as he has in fact gone all in on cryptocurrencies.
He stated yesterday that 100% of his investments are in cryptocurrencies. With the largest investments being Bitcoin and Ether.
This is unusual for him because in the past couple decades of being a stock research analyst, he rarely, if ever, bought the stocks he would recommend.
This is the first time he is actually putting his money where his mouth is, and that speaks louder than anything in my opinion.
Flood gates opening indeed.
According to Moas, what's happening right now is simple:
"What's happening is the floodgates are opening. I believe there are hedge fund and very deep-pocketed individuals getting into this now, really hundreds of millions of dollars."
Then you can factor in people in less developed countries buying in to protect their wealth against wildly fluctuating local currencies.
"You can't look at this like a normal situation. We are looking at an industry that will probably go from $140 billion to over $2 trillion in the next couple years."
For those reasons, he is happy putting his entire investing portfolio in the space, although he is the first to caution against leaving all of it on a single exchange.
Stay informed my friends.
Sources:
https://www.cnbc.com/2017/08/14/standpoints-ronnie-moas-raises-bitcoin-price-target-to-7500.html
Image Sources:
https://twitter.com/ronniemoas
https://humblestudentofthemarkets.com/2016/08/14/party-like-its-1999-or-1995/
http://moocnewsandreviews.com/moocs-for-credit-udacity-and-sjsu-crack-open-the-flood-gates/
Follow me: @jrcornel
These analysts and their price targets are so wack...they change them daily!
Flood gates are opening for sure though. CNBC talks about bitcoin daily...and many of their very conservative fund managers own bitcoin and talk about the other cryptos. They are still learning about the other cryptos at this point, but some were talking about owning 1% crypto in their portfolio of assets. 1% is huge!
Ah you saw that segment on the half time report as well? :) This is how it starts.
It will mean potentially lower volatility once more traders jump on the bandwagon. Lower returns also though. I'm going to try and enjoy the 10% daily swings in some of the top 10 currencies while it lasts!
If you wanna be part of a very bullsih asset, check out NEO. The chinese market is primed for mobile payments, and digitizing of assets. NEO will take a majority of this market share. Just posted an instructional video on acquiring and securing your NEO check it out https://steemit.com/cryptocurrency/@tswoop/neo-instructional-video-for-beginners-from-buying-bitcoin-exchanging-for-neo-sending-to-the-neon-wallet
Have been trading NEO for a couple days now...loving the swings.
It's going north in a hurry.. be interesting to see what transpires with the price by the end of the year. I have to say it has me glued to my computer screen. I'm quite sure we are seeing an amazing transformation in how business is done and will possibly create a transformation of wealth.... one can hope anyway.
Thanks for sharing
Do you own Bitcoin? Learn which altcoins are giving away free money to Bitcoin holders.
Cryptocurrency is the future! Let the floodgates open!
Read your previous article and from that time to this time I've dipped my toes even deeper in the cryptospace. I can almost hear the massive FOMOing that will happen in the next few months to come, but unlike Moas I can never be 100% crypto. I don't want to be left homeless when this turns sour.
Moas is the man, and investing his own money adds to the wave of dollars coming into crypto. Probably not a bad time to learn how to surf.
As a side note thank you @jrcornel for taking the time to put your research here for us to see. You are one of the guys I like to check up on in my quest for learning our new economics. It's fantastic to know you're a fellow SA boitjie, and that makes me proud.
Wouldn't it be grand if we could start some kind of crypto stokvel ;-)
Peaceout.
Totally agee with the commenter above, Pierre... You are one of the people I follow to gain a deeper understanding/insights into the Crypto Markets. You've been around this "new" type of "money" much longer than myself and that's why I'm following You !!
Thanks Again @JrCornel for writing this Post... Hope You're having a Good Week !!
Cheers !!
Thank you guys! You make me feel all warm and fuzzy inside :)
Crypto's are the new economic future. But a word to the wise.. Education, patience and a firm personal strategy is key. I worked in the casino industry for years and the winners were (few and far between) always consistent in their strategies. The best strategy was: invest only what was allocated for that activity, invest in small blocks of your total, walk away for the day if the trading was bad, don't limit your wins, but always, always apply a trailing stop loss.. and never let your emotions control your next move.. stick to the plan.
I totally agree in sticking to your plan. If something is not broken why fix it.
I too worked in Casinos it is an interesting place to say the least. I view all my investments as gambling my brother gambles but since seeing the emotional toll it takes on people that return day in and day out. I can say that is not for me.
Bitcoin is going to flood before it's sunny again and it's for a big cause . And I totally agree with him and his investments in btC and Eth. Those are smart choices , many people will start selling people it's falling , it's good to regulate money so we will have a push back up soon . You can't expect something to keep going up and never fall .
"An object in motion , will remain in motion, unless acted on by an equal of opposite force" that answers it all
what goes up must come down.
Agreed 👌🏽
I think it's definitely unavoidable, so few people are aware it even exists, cheers
Let the water's flow.
Haha, let them flow indeed!
If you wanna be part of a very bullsih asset, check out NEO. The chinese market is primed for mobile payments, and digitizing of assets. NEO will take a majority of this market share. Just posted an instructional video on acquiring and securing your NEO check it out https://steemit.com/cryptocurrency/@tswoop/neo-instructional-video-for-beginners-from-buying-bitcoin-exchanging-for-neo-sending-to-the-neon-wallet
Let's do this!
Moas on!
@jrcornel - Waiting for it!
Fat cutter 🌶 Spicy Beet Bot🤖 Juice 🍹
🥕🥑🍹
I doubt I'll have any regrets at all a few years from now. Even buying bitcoin at 4000 USD. However, I did just make a post about me starting to stack silver too. Crypto is great but I think precious metals still hold a place against the our worthless, debt-based money system over here in Canada and the US.
Good thinking from you jrcornel, I think crypto stocks will experience big profits in the future, the target will be achieved at the right time. ^^
Very interesting, i think that bitcoin will even reach $500,000 in next 3 years :)
Noes!! Normies leave my crypto alone for the next 3 years please! I want to buy more before the moonlanding.
I have little doubt we're on the very front edge of a very large wave leading towards mainstream adoption.
However, I'd caution anyone against "going stupid" with their investment and thinking this will just be a straight shot to the moon... that'll end us in the same state of "irrational exuberance" that led people to throw all their retirement savings at any and all things that had "dot com" in the name, back then... In the crypto world, that would mean "beware of shitcoins." Because they will still be shitcoins, even if momentarily carried along by rises in "the good stuff."
Do your homework, people... and profit.
Great points. Right after this segment there was a segment by a Bitcoin bear, and he specifically said that most of these coins won't be around in a few years. His bearish case for bitcoin wasn't anything to do with bitcoin or the technology, he actually thinks the technology is great. His case was that he thinks only one will eventually emerge as the go to coin and he doesn't feel like trying to guess which one that might be... he even acknowledged that it could be Bitcoin.
Read about Opus
https://steemit.com/opus/@sayyedraza/opus-decentralized-music-distribution
"Danger Will Robinson Danger!"
If you trust some guy on msm, good luck. Having a positive sentiment on cryptos that align with TV pumpers worries more than reassures me.
Well he is on CNBC, but noted. I don't think anyone here specifically "trusts" any of these guys. However, it is nice hearing these kinds of calls from people who happen to be right with their calls more often than not. Especially the ones putting their own money in their calls.
Sure hope so!!!
One by one people become believers and realize this is the future.
Nice read thanks !!
Is the new generation of money
Very interesting and timely post. Thanks for sharing.
Pretty much sums it up! Everyone I know that is still actively trading equities asks me about crypto and my response is the same; "It's like trading the stock market in 1998"
This type of market makes your tax driver and plumber great traders!
Yep, my dad just flipped his bitcoin. He is pretty happy right now, I just hope he gets back in when the time comes. That's always the hard part.
Yeah, that is always a concern. The good part is he doesn't need to put on a trade and can wait for the right setup, which is really the most important piece for successful trading. I may have just put up a post about that, wink wink..LOL.
If the floodgates are indeed opening then we might not be anything close to being in a bubble.
Yep, I don't think we are there yet. 1995 still had 4+ years till the party was over. :)
Not even close, If you wanna be part of a very bullsih asset, check out NEO. The chinese market is primed for mobile payments, and digitizing of assets. NEO will take a majority of this market share. Just posted an instructional video on acquiring and securing your NEO check it out https://steemit.com/cryptocurrency/@tswoop/neo-instructional-video-for-beginners-from-buying-bitcoin-exchanging-for-neo-sending-to-the-neon-wallet
I'm waiting for this Floodgates to be opened for steemit now ! :D
You can take me, but you will never take my bunghole, Hm heh.... For I am the Great Cornholio Hm heh I have no bunghole, hm heh...
I am very happy with is optimistic view, because I feel the same way. I do not understand when I mention crypto to the people around me they have never heard of it. Is the general public not in cluded.
That's probably a good thing. When the entire general public not only knows what it is, but is also buying it, that is probably when we are near a top.
It is coming. What I feel people don't realize is the perspective differences from hearing about an event far later, and experiencing it while it's still going on. We exist in a time where we can still earn and mine crypto, similar to the Protestant Reformation and the Catholic church selling indulgences. This is a timeline in the stock market where you don't have to be rich to invest
hope you are right.
Finaly the cryptocurrencies go to take part of the cake of world financies as the first or second coin more strong, we consider that his price is very superior to the dollar unically is supered for the ingot gold seen, how unit base
If you wanna be part of a very bullsih asset, check out NEO. The chinese market is primed for mobile payments, and digitizing of assets. NEO will take a majority of this market share. Just posted an instructional video on acquiring and securing your NEO check it out https://steemit.com/cryptocurrency/@tswoop/neo-instructional-video-for-beginners-from-buying-bitcoin-exchanging-for-neo-sending-to-the-neon-wallet
Great post @jrcornel ! thanks for sharing!
Upvoted, followed and resteemed ;)
I think the Crypto-Currencies are poised to overwhelm fiat currencies. Not unlike fiat, they really are free floating, but the overwhelming difference is that they aren't centrally controlled. I don't see the manipulation happening. I'm pegging my future to Steem simply because I don't have a single penny to invest!!! here on Steemit, I can earn the respect of others, while building my "Portfolio". Anyhow I'm "Resteeming" this as if I can help you at all Jrcornel, but I do what I can.
Agree with your sentiment. If you wanna be part of a very bullsih asset, check out NEO. The chinese market is primed for mobile payments, and digitizing of assets. NEO will take a majority of this market share. Just posted an instructional video on acquiring and securing your NEO check it out https://steemit.com/cryptocurrency/@tswoop/neo-instructional-video-for-beginners-from-buying-bitcoin-exchanging-for-neo-sending-to-the-neon-wallet
Love these types of articles..i posted my first article pertaining to this..thanks for sharing this one my friend
I'm ready
The comparison to the early days of the internet is intriguing. We had no idea just how much the internet would change everything. I think we are just seeing a tiny glimpse of how crypto will change the way the world works.
Meanwhile the FUD machine is running at full capacity.
Why Cryptocurrencies Will Never Be Safe Havens
http://www.zerohedge.com/news/2017-08-15/spitznagel-why-cryptocurrencies-will-never-be-safe-havens
Never EVER leave all of your money on a single exchange- look at what happened to MTGOX and more recently to BTC-E. When you keep all your eggs in one basket its a lot easier for thieves to steal your whole stash!
#thatsright
Crypto is indeed in some interesting phase with the media covering Bitcoin more and more. With stock investors also mentioning on our Dutch tv they are moving some of their money into crypto. It gets attention, and the mass market get the hear about crypto more often. This will all help to increase acceptance of the coins, or at least some of them. Investors who scream and shoot they go all-in, I doubt a lot, since all-in is never a smart move when investing. Wondering why this guy did not take a risk management course. No real investor goes all-in, they spread their risks. But yeh, maybe the risks are getting lower. When you believe in an upcoming financial crisis (and the changes we are getting into one again is increasing), crypto suddenly can get an extra push up, reducing the risk. But then again, it is still very risky to go all-in :)
Huge fortunes will be made in the short term because you won't be able to make bad purchases if you try.
Then reality will set in and the people who thought they were so smart will lose everything because they continue playing the market the way they did when there was easy money to be made.
There will be a small percentage of people who will really understand it and keep their fortunes.
It's a very common story.
As a newbie crypto enthusiast I'm trying to read more and more every day about the topic, I wanna learn more about this moas, he sounds like a very interesting man, with a great story behind.
I will check out Ronnie Moas. Apparently Coinbase is signing up a million users a month. I was around for the early internet in the 90s and can see the similarities!
Get ready. Things will change a lot very quickly.
Before this article I had never even heard of Ronnie Moas .
Great research. As a new steemian, I am unsure how the cryptocurrency actually works, but that is not the main reason I joined steemit. It was for the blogging and platform to reach new people, and to leave censorship of other social media sites in my dust.