Paul Mampilly: Comparison between the Stock Market and Cryptocurrency

Paul Mampilly, a member of Banyan Hill Publishing Company, has recently posted his views on the trends that he has observed in the cryptocurrency markets. The cryptocurrency markets have been one of the most recent phenomena for young investors. There have been stories of individuals gaining incredibly large and returns on their investments in very short periods of time. Over the last year, the entire cryptocurrency market appreciated in value by several thousand percents.

Banyan Hill Publishing Company has produced a number of articles regarding the views of their investment professionals on the trends that have been observed in the cryptocurrency industry. Follow Paul on Medium. Paul Mampilly is a well-respected investment analyst. He has had experience working on Wall Street before becoming an independent investment advice columnist. He believes that the trends that are occurring in the cryptocurrency industry are scarily reminiscent of the same trends that occurred during the bubble that happened in the stock market of technology companies in the late 1990s and early 2000’s. At this time he had just begun to become fairly successful as an investor, and he had many friends who were going crazy because they were experiencing such large returns on the investments that they had made in the stock market.

Paul Mampilly tells his readers that it is important to remember that the bubble that occurred in the stock market during the late 1990s was not a bunch of no-name companies. It was a number of incredibly important companies that represented a huge portion of the stock market. Many of these companies continue to operate even today. For example, Paul Mampilly recalls an individual who had purchased stock in the company QUALCOMM. The stock that they had purchased had appreciated by over 2600%. That same friend had held several other stocks from technology companies that were up over 1000% as well. Paul Mampilly noticed at the time in 1999 that the indications were there that the technology markets were experiencing a bubble and sold all of his stocks just before the bubble exploded. His friends, however, had continued to hold their stocks and managed to lose significant portions of their investments.

In the late 1990s, Paul Mampilly believes that maybe had made a mistake whenever he sold his stocks. They continue to increase. However, in the early 2000’s all of that change. While Paul Mampilly did not sell at the very peak of the bubble he did sell before the bubble popped and was able to keep some of his investments. Check: https://analystoffinance.com/2018/05/paul-mampilly-advice-bitcoin-bubble/