Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious
May you elaborate on this please ?
Thank you
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To borrow a term from Armstrong - this may be a phase transition; the rules seem to be shifting.
Thank you
Certainly - the best option is to go straight to the source, but in summary:
Water splashes when it flows rapidly into a reservoir, and it also splashes when boiling - two similar effects with drastically different causes. The phase change Armstrong refers to is when markets move in a different manner than what we're accustomed to. Markets behave differently during growth phases and when they mature - even though asset values rise, the reasons and trends may be completely different.
Thank you for the summary, much apperciated.
I guess what you want to say here is that Bitcoin is evolving from growth phase to a mature phase, am I right ?
If I'm right, could you please describe the new era in numbers ? Like what are you expecting in the coming years, what high numbers do you see is achivable and such ?
Thank you again