And yet here we are all wondering whether this is the next one. Many here will be as cynical as I. Pah we;ve seen it all before, like anyone is going to get suckered into this silly pump/dump cycle again. (Just like we thought last time?)
It would be quite silly if we wouldn't regularly end up much higher than where we started from after the "crash". Those "bubbles" don't burst all the way. Noone who got "suckered in" and held lost any money (with the exception of the last cycle, of course, but that might turn out to not be an exception either). Only those buying in at above the post-crash value of the "last bitcoin bubble" will have made a bad decision. I think we have at least 2 more to go.
How many millions of people out there are still entirely oblivious to all of this and ready to fuel this go-round?
What about the next one?
Is this really 'institutional investors' stage?
Strange times.
I think there are many billions of people out there who still don't understand crypto. Don't you worry, it's not an easy concept and it takes people a lot of time to wrap their heads around the concept. (see Peter Schiff, who seems to be quite intelligent, but took his time (
if he managed to wrap his head around bitcoin) despite the fact that there were certainly enough people offering to explain to him).
I think we have at least 2 more to go.
Strange times, indeed.