Paul Mampilly: Cryptocurrencies and Economic Bubbles
At the end of the day the most important thing whenever you consider any potential investment is whether or not it represents something that could potentially generate you a large return. The only other thing that really matters is how volatile or reliable this potential investment is. This is why many individuals have become incredibly interested in the new and exciting digital currencies that are known as cryptocurrencies. During the last year, many of these currencies experienced something that could only be called an incredible explosion and value. For example, bitcoin increased from under $1000 to over $19,000 in the span of only several months. Many individuals experienced incredible gains on their investment and became millionaires overnight. This is obviously drawn incredible interest from numerous investors around the world. Visit affiliatedork.com to learn more.
For this reason, Banyan Hill Publishing Company has decided to ask its leading investment advice experts what they thought of the trends in the cryptocurrency markets. One of the leading experts that have worked for Banyan Hill Publishing Company is Paul Mampilly. Paul Mampilly has experience working as a hedge fund manager and successful investor on Wall Street. After many years of being a successful investor on Wall Street, Paul Mampilly decided that he would rather work independently and produce investment advice that could help everyday Americans.
Paul Mampilly stated that he believes the recent trends in the cryptocurrency market show several signs that indicate it could be in an economic bubble. Paul Mampilly has experience investing in economic bubbles as he was an investor during the late 1990s in many technology companies. During this time there were many companies who had experienced an increase in their stock value of over 1000%. In the late 1990s, Paul Mampilly sold all of the stock that he had invested in these technology companies. It was not more than two years later that many of these companies experienced significant losses in the value of their stock. Paul Mampilly was able to walk away with a positive return on his investment in comparison to his friends who had held zero balances on their investment portfolios after the end of the stock market crash in the technology sector.
He cautions his readers that while the cryptocurrencies could potentially represent a solid investment, it is impossible to know. Even if the cryptocurrencies do represent a useful technology, they also indicate many of the signs that are present during an economic bubble. Learn: http://www.bizjournals.com/triangle/potmsearch/detail/submission/6423751