Post
Topic
Board Speculation
Re: rpietila Calling the Bottom
by
minerpumpkin
on 02/09/2014, 21:06:34 UTC
or to not loose my whole investment.

Oh, I really don't think that will happen.  The fundamentals haven't change - but bottoms are notoriously difficult to call...

EDIT: To quote Keynes again: "Markets can remain irrational a lot longer than you and I can remain solvent."

Of course, the fundamentals are still there, the cryptography is holding strong, the adoption is still going up, new and useful services go live every day. But that doesn't guarantee that there actually isn't a flaw in the cryptography or all western countries should decide to ban Bitcoin or whatever. It simply may happen. It's merely some hedging after we've entered a rather erratic (in my eyes) pattern now.