Post
Topic
Board Beginners & Help
The Bitcoin Hype-Cycle
by
_cryptofan
on 06/11/2018, 22:54:09 UTC
"The peculiar thing about Bitcoin’s price is that it has these cycles. First, a slow and steady accumulation by people who understand the tech and buy it when it is ignored as worthless. This is usually after the price had just “crashed”. Then it starts to reach a point where the media picks up its growth. And then, a parabolic buying frenzy where even your grandma starts buying Bitcoins. Finally, after reaching a dramatic peak, it finally pops and drops, leaving only those who believe in the tech and support it even after a crash. Back to square one,with a bigger base price and a larger user base. Rinse, repeat."

It describes our current framework and each of us ... "Believers""

HODL!!