Hi Ev'rybody.
Last days we witnessed a 20% crash in bitcoin, not to sepak about other crypto, including ETH that had the most solid growth till then.
These anomalies, as good as they might be for day traders, does not speak well about the BTC as a reserve currency.
You are overreacting, this is not the first time Bitcoin has crashed (note: after much bigger rise). It's not anomalies, just profit taking, if an asset grows too fast, people start thinking that it's overpriced and start selling. What happened to Bitcoin and alts was just a healthy correction
So, I will insist that crypto needs a value reference. And as I said in my other posts, the best reference value is ENERGY. The most pure asset in the universe.
And there's got to be a way to tie the value of bitcoin to Joules. There's already SOLARCOIN, but to be honest I'm not sure how that is working.
The value of energy is just as relative as everything else, in some places it's easy to generate, in others it's hard. If someone will build tomorrow a powerful and cheap fusion reactor, your energy-backed cryptocurrency will crash much harder than Bitcoin crashed recently and probably won't recover.