The sudden breakdown in the crypto market over the past days came as a punch to the gut for investors that saw many investors have moved their investments out of the crypto market with little risk, and now it appears such a move is unlikely to happen once the “bubble” has completely subsided.
“We may not see this new cryptocurrency bubble of 2017 but it sure doesn’t mean nothing,” explained Paul O’Connor, co-founder and CEO of BitShares, at a news conference, alongside his wife.
So does he get in?
“I’m not worried, as I already knew there would be a bubble in the future at this point, but when it does come I’d bet my hard-earned money on that,” she noted.
O’Connor is short on the crypto market, which is worth $1,000 per coin. While he says a price spike could hit the markets at a later date in his future, he says he’s optimistic that the cryptocurrency market will continue to grow as long as it does.
“At this point they’re all going to remain here. That happens right around the corner, too, so it doesn’t seem like it would happen that quickly,” he continues.
But I think what’s likely to happen for the market for more than a year or so and even longer is that people will either see that there’s a bubble because what’s been happening in the market will definitely change quickly or they’ll see that it was more like a bubble because people didn’t want to have that. I just want us to stay vigilant and be honest with ourselves, because that can be a powerful deterrent or a strong reason to buy in.”
A survey by MistCoinDcx found that just a fifth of respondents say selling stocks is a safer way to invest, but that only a third of investors believe that it’s worth putting out investment money when it comes to risky financial decisions.
It’s still unclear how many people may be buying and trading for options that they don’t already have, however, and that even if you’re just getting one off of it, the price may look attractive.
While there may be a little bit of volatility in buying options, it appears to be growing and getting more and more popular each day. Currently, 51% of investors say they see the market for stocks in a negative way to their money, compared with just 47% who would identify they’re getting more bang for their buck from it since just a quarter of investors still hold some form of the option.
Many reputed sources reported that a majority of investors (46%) believe they’ll only be able to trade on the “wrong” options once the market improves. However, there is one exception. Over 60% of respondents believe their existing options positions are “bad.”
A Research Center survey released last week found that a majority of Americans (53%) believe that the recent financial crisis was mostly caused by America’s financial institutions. The findings were the subject of widespread public and private opinion surveys. This particular question asked about the country’s financial institutions: “What are your views that are at the root of recent and continued problems affecting the U.S. financial system?” The question asked, “Should this problem be addressed by fixing it?”
The question from the question itself states there’s an “excessive, persistent risk to financial stability” and that the economy has developed a “poor and unsustainable framework for stabilizing the financial system.” The survey didn’t look at the effect of economic conditions.
It is important to note that most respondents who said they wouldn’t have preferred a different option were not entirely mistaken. However, there was more to be said about what respondents think about the current situation for the American economy. They said, “My personal view is the major culprit of the crisis is the lack of reform.”
In terms of job creation, 45% of Americans believe that people are in a better position to move toward a higher wage. What do you think, when will the crypto market come to its all-time high again? Or is this end of crypto seeing the following regulations from all over the world!