i have observed that now bitcoins arrogance causes its price drop
as soon as bitcoin looks too expensive, people start seeing bitcoin as some sort of arrogant cryptosect,
and the price drops, as will its popularity,
as soon as 12 000 USD are beeing reched again and people start speculating a price explosion again, bitcoin looks again arrogant for many and people will drop it
someone else expects the same?
regards
"Bitcoin is an arrogant technology", sounds weird to me. It's not about the bitcoin, but how the users in the world manage it as a digital asset, someone calls it a bubble. some people also think bitcoin is a tool that can make you a billionaire in just 1 year. Bitcoin is just a technology, and there is no arrogance in it that can cause its price to decline.