I have stumbled upon this chart on the internet, regarding the Gartner's hype cycle:
As of July 2014, cryptos just came out of the peak of inflated expectations to enter the trough of disillusionment. It is safe to say that the trough of disillusionment don't last only 6 months but typically can last 2 to 3 years. So maybe Bitcoin will be as revolutionary as we think but the bear market will last another 1 or 2 years. What do you think about that?
As of July 2014, cryptos just came out of the peak of inflated expectations to enter the trough of disillusionment. It is safe to say that the trough of disillusionment don't last only 6 months but typically can last 2 to 3 years. So maybe Bitcoin will be as revolutionary as we think but the bear market will last another 1 or 2 years. What do you think about that?
i don't think we've even reached the Peak in that graph. considering the $5T traded PER DAY in the Forex markets plus the $8T valued gold market, we've only just begun.