There’s little chance of a crash right now.
— Paul Mampilly (@Paul_M_Guru) February 9, 2018
Paul Mampilly is an investor who commands a huge influence in the stock investment industry. He is one of the people who has been in this industry long enough to know when there is an opportunity and when there is none. Already he has described Bitcoin investment as a misconception that will hurt many investors. Bitcoin is a bubble that will soon explode and leave many investors with huge losses. According to Paul Mampilly, there is a high probability that the cryptocurrency which has been gaining massively recently will see drastic fall in prices shortly. Paul Mampilly is experienced enough to know when an investment has signs of a bubble. In 1999 he detected one while everyone else ion the industry was going crazy investing and stayed out. When the losses happened, he was already out with the profits he had managed to get.
Paul Mampilly witnessed the 1999 technology stocks which grew rapidly just like Bitcoin is doing right now. The stocks seemed lucrative and attracted even people who had never invested in the stock markets before. No one wanted to miss out on this opportunity that had presented itself. People invested and continued investing as prices continued to increase. Many people including Paul friends were making huge profits. Paul had already chickened out after he realized that there was no future in the stocks. It was just a matter of time before the prices nosedived. Just as had predicted, the prices tumbled in a short time. Those who were caught in the bubble kept wishing the prices would go up again but it did not happen. Check out Paul Mampilly on facebook
Paul Mampilly had warned his friends, but they thought that he was just envious because he had sold his stocks too early. Unfortunately, when the bubble happened, they were among those who lost because they never thought the stocks would at any point go down. Paul Mampilly had already learned from the markets that not everything that happens in the markets is credible. Each on facinvestor should take it upon himself or herself to find out if there is anything credible about an opportunity.
Following the occurrences of 1999, Paul Mampilly is already warning his investors about Bitcoin. Bitcoin has all the signs of a bubble that will explode. As an investor, it should be your responsibility to make sure that when it happens, it does not affect you. It is just a matter of time before this happens according to Paul Mampilly.
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