Paul Mampilly says that he first found out about the dotcom bubble when he was talking with his friend. She told him that she was rich. He wondered how that was possible. This was in 1999. She said that her stocks went up by one thousand percent. At that point, Paul knew that if they went up so high so quickly, they will probably fall down pretty quickly too. Paul explains that something similar is going on today. This time, it is not happening in the stock market but in the so called cryptocurrency market. People are buying Bitcoin, hoping to get rich. There is no doubt that some people got rich. However, some people got rich in 1999, and it was still a bubble.
In 1991, when Paul Mampilly saw the big crash coming, he knew that he had to sell his stocks. The stocks continued going up, and at first, he wondered whether it was a mistake to sell them so quickly. However, when they started dropping, he knew that he had made the right decision. At the time, he reached out to his friend and tried to warn her that the boom might soon be coming to an end. She did not want to listen to him, for whatever reason. In the end, she did not become rich. Instead, she lost all her money when the market crashed. The same goes for Bitcoin and Ethereum, as well as any other altcoins that are out there. For more info about us: https://stocktwits.com/paulmampilly click here.
It is true that people who got in early made a lot of money. However, they would be wise to sell it and cash in on their profits. If they continue holding on to their Bitcoin, like his friend continued to hold on to her stocks, then it is very likely that they will lose out in the end. You will start hearing tales of people getting rich, but you will start hearing tales of people losing all their money. The second kind of tale will come from people who did not sell their Bitcoin.
Paul Mampilly knows what he is talking about. He has twenty five years of experience and has seen many bubbles during his time on Wall Street. He knows how to spot on, and he can see one coming right now.