Browse Category: Profitable Investments

Profits Unlimited Editor Paul Mampilly Warns Investors Away From the Cryptocurrency Bubble

From the years 1997 to 2000 internet stocks were the dominating trend. With tales of stocks offering 1000 percent gains and the abundance of the newly created “dot.com” investment opportunities, investors kept up the demand for these stocks, inflating their value and speculating heavily on the success of untested technology success. This speculation ended on March 10, 2000, when the bubble burst, many of internet companies were deemed worthless and investors lost millions. Read more articles by Paul Mampilly at Banyan Hill.

Paul Mampilly, a senior editor at Banyan Hill Publishing, sees another bubble forming around cryptocurrencies and its blockchain technology, and he feels that it is only a matter of time before this trend stops. The cryptocurrency bubble is being driven by the initial success of Bitcoin in 2008 and the plethora of new cryptocurrencies developing are overwhelming. Paul Mampilly believes It is too challenging to create an appropriate market value on these coins and their price is being pulled upward only by a strong investor demand and speculation that these various coins will increase in their value and become a permanent part of the monetary system.

http://www.prnewswire.com/news-releases/paul-mampillys-profits-unlimited-hits-60000-subscribers-300421363.html

Comparing the investing patterns of cryptocurrency to the patterns of stock purchases during the “dot.com” era, Paul Mampilly sees many similarities, and as this sector has been swelling for 10 years, he feels that the bubble may burst soon. Through his newsletter Profits Unlimited, Paul Mampilly is warning investors about the coming end to the cryptocurrency gains and urging people to find other investments until the cryptocurrency dust settles post burst. Like the powerful internet companies that survived the “dot.com” crisis, the blockchain technology that drives cryptocurrencies is a promising long-term technology and there will be coins that survive the coming downturn. After his in-depth analysis, Paul Mampilly believes that waiting until the bubble bursts before investing would to be the wisest choice for most investors. Follow Paul on twitter.com.