Ellen DeGeneres Introduces Bitcoin To Millions of Viewers!
Hi traders!
I hope everyone is having a great week and enjoying your crypto profits after huge gains on most of all the major coins!
So Ellen came out yesterday and tried to explain what Bitcoin is to millions of viewers on national TV. The first thing that came to my mind is when I saw the video is, are we ready to enter the Maina Phase? Seems like it.
So what is the Mania Phase?
Media attention marks the end of the Awareness phase and the beginning of the Mania phase. The media attention will attract a lot of attention from everyday Joes wanting to invest. With media attention comes a lot of speculation, good and bad. And as media attention attracts enthused buyers, the price will go up. Everyone is noticing that prices are going up and the public jumps in for this "investment opportunity of a lifetime". The expectations about future appreciation becomes a "no brainer" and a linear inference mentality sets in; future prices are an extrapolation of past price appreciation, which of course goes against any conventional wisdom. This phase is however not about logic, but a lot about psychology. Floods of money come in creating even greater expectations and pushing prices to stratospheric levels. The higher the price, the more investments pour in. Fairly unnoticed from the general public caught in this new frenzy, the smart money as well as many institutional investors are quietly pulling out and selling their assets. Unbiased opinion about the fundamentals becomes increasingly difficult to find as many players are heavily invested and have every interest to keep asset inflation going. The market gradually becomes more exuberant as "paper fortunes" are made from regular "investors" and greed sets in. Everyone tries to jump in and new intrants have absolutely no understanding of the market, its dynamic and fundamentals. Prices are simply bid up with all financial means possible, particularly leverage and debt. If the bubble is linked with lax sources of credit, then it will endure far longer than many observers would expect, therefore discrediting many rational assessments that the situation is unsustainable. At some point statements are made about entirely new fundamentals implying that a "permanent high plateau" has been reached to justify future price increases; the bubble is about to collapse.
Initial Chart Author: Jean-Paul Rodrigue
Maina Definition Source: Hofstra University
Regards,
Abdulla
I hope everyone is having a great week and enjoying your crypto profits after huge gains on most of all the major coins!
So Ellen came out yesterday and tried to explain what Bitcoin is to millions of viewers on national TV. The first thing that came to my mind is when I saw the video is, are we ready to enter the Maina Phase? Seems like it.
So what is the Mania Phase?
Media attention marks the end of the Awareness phase and the beginning of the Mania phase. The media attention will attract a lot of attention from everyday Joes wanting to invest. With media attention comes a lot of speculation, good and bad. And as media attention attracts enthused buyers, the price will go up. Everyone is noticing that prices are going up and the public jumps in for this "investment opportunity of a lifetime". The expectations about future appreciation becomes a "no brainer" and a linear inference mentality sets in; future prices are an extrapolation of past price appreciation, which of course goes against any conventional wisdom. This phase is however not about logic, but a lot about psychology. Floods of money come in creating even greater expectations and pushing prices to stratospheric levels. The higher the price, the more investments pour in. Fairly unnoticed from the general public caught in this new frenzy, the smart money as well as many institutional investors are quietly pulling out and selling their assets. Unbiased opinion about the fundamentals becomes increasingly difficult to find as many players are heavily invested and have every interest to keep asset inflation going. The market gradually becomes more exuberant as "paper fortunes" are made from regular "investors" and greed sets in. Everyone tries to jump in and new intrants have absolutely no understanding of the market, its dynamic and fundamentals. Prices are simply bid up with all financial means possible, particularly leverage and debt. If the bubble is linked with lax sources of credit, then it will endure far longer than many observers would expect, therefore discrediting many rational assessments that the situation is unsustainable. At some point statements are made about entirely new fundamentals implying that a "permanent high plateau" has been reached to justify future price increases; the bubble is about to collapse.
Initial Chart Author: Jean-Paul Rodrigue
Maina Definition Source: Hofstra University
Regards,
Abdulla
코멘트:
For the cute comments below who said Ellen talking about Bitcoin is no big news, please do your research. Even CNBC reported it lol.
코멘트:
Again, just to make things clear - the above chart is theory work and does not mean Bitcoin will reach $50K,$100K, etc.