Is the Crypto Crash imminent? Paul Mampilly, an investor and financial genius, sure thinks so. Paul warns that the cryptocurrency bubble is on the verge of bursting. As a winner to the Templeton Foundation investment competition, Paul Mampilly knows what he’s talking about when he says its only a matter of time before there’s no value in the investments of cryptocurrency.
Tess, a friend to Paul Mampilly, had technology stocks up more than 1,000 percent in 1999, but this was another year for technology stocks to crash. When a bunch of other companies, like Qualcomm Inc., were all over 1,000 percent. Paul Mampilly gives reason to why this was a great example of the stock market was just going crazy. Paul Mampilly sold all his stocks in 1999, when everyone else was buying up and watching the stocks go up. But he knew he made the right decision in 2000 to 2001 when he didn’t lose any money. As for Tess however, greed took her into a zero balance in her account. Follow Paul Mampilly on Stocktwits.com.
Every major cryptocurrency investor from the begining of the year is now wealthy. Mampilly insists that Bitcoin, one of the first cryptocurrencies, created in 2008 and now worth over $19,000, is going to crash. With no central authority managing cryptocurrencies show signs of a burst according to Paul Mampilly.
Paul Mampilly says the best warning sign is when enormous interest in an asset drives this price into a frenzy of sudden growth. It’s usually unsustainable, which is especially true when dealing with something inanimate as cryptocurrencies. Visit stockgumshoe.com to know more.
Critics say Paul Mampilly’s warnings of a crash are because of his jealousy for not investing when he had the chance. Saying that no one can truly predict the stock market. As for Tess, she may be clear witness to his ability to see a bubble bursting. Paul Mampilly doesn’t add emotion to his investments, which is the main reason for investors letting a crash happen. People get excited over things priceless and drive them to being worthless.
Paul Mapilly’s believes that cryptocurrencies underlying structure and technology is promising, that they can make real estate transactions easier and remove outrageous fees when trading stock. As a popular guest to many networks and founder of Profits Unlimited, Paul Mampilly enjoys helping investors and is truly looking out for their welfare. So there won’t have to be any more people like Tess.