Ventures of an ex indie game developer

Crypto currency trading

Trading has been immensely good since my last post, ten days ago. That does, however, not even compare to the average alt-coin as the total market cap has continued to grow like crazy. The result is that everything keeps doubling in even shorter time periods.

All good things must come to an end, and this is a gigantic balloon waiting to pop. On the way there I noted a couple of things that made a big difference to me, and my scared little bubble. For one, this is a totally decentralized system, which does not have employees, customers and can't go bankrupt. Therefore a total collapse is always both avoidable and unlikely. So unlike the .com bubble around '00, this is probably not going to crash as fast as soon. And no one currency is likely to disappear, it's not a company! Since it's just a trading instrument, it may be reduced in price and volume, but that's only scaling down.

The other thing is that I think that to a large degree we already see fractional banking causing much of the exponential increase in market cap. Very few people have bought crypto currencies, but despite that we still see 1% of all the world's money in there.

Both those things are probably good news, as they might mean that there will be an S-curve instead of a huge crash in many coins, and also that a total collapse is somewhat unrealistic.

PS. 'Musk,' the trading bot, is up some 100% USD in the 21 days it's been running. :)

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Gothenburg, Sweden