I also think that too-rapid increases driven by pure speculation are not good. That is the definition of a bubble. I do not want another NovemberDecember 2017 scenario. I am not watching the ticker and asking, When moon? I want to see a new ATH driven by increased adoption and usage as moneynot by FOMO, irrational exuberance, etc. ...
I think the huge hype and price bubbles help to drive awareness and adoption.
More than the inevitable, inevitably painful correction drives people away?
First impressions count. Think of all the people who caught the FOMO get-rich-quick virus in December 2017, and got shorn like the sheep that they arewho lost real money that meant something to them. Are they ever coming back? Im not the first to suggest that that precious bull run set back mass adoption for years.
You're late and you wait, or you keep on hodling. One is not shorn buying bitcoin; one is shorn by selling for less than one paid. Ask JJG. IIRC he started buying well up into the Nov '13 horrible dangerous bubble. #stronghands
Bitcoin is king because its boring. That is to say: It is reliable. Core uses solid, well-understood technologies, instead of chasing the latest fad. Its developers say, its done when its done, not move fast and break things. And as volatile as its market is, it is incomparably less so than most altcoins.
Sure. maybe now.
You can in good conscience tell your grandma to buy some Bitcoin.
I did. She did. More than 7 years ago (
wow time flies) #noregretsNot so much the back side of the peaks, but that is a lot easier to bear after a few rounds. There is actual data to research on past cycles now, for those that choose to dyor.
Its easy to say DYOR. Hard for the n00b who is stepping into an alien world, taking a riskand oft as not, getting burned. Whereas DYOR sounds suspiciously like the kinds of excuses tossed out by ICOs, Defi tokens, and other shitcoin scams. LOL, you lost money believing in usyour fault, sucker!
Again, you have to sell to regret in the long run. I DID MOR. There was fuck all that wasn't sketchy in 2012. Thought I missed the boat in April 2013, but instead set myself up nicely for November 2013. Nov 2017 was a long time coming, and I fully expect to ride the train again withing the next months - 2 years. With that many cycles in the books, as well and several alt runs, There is actually something to research now.