I wasn't in crypto then, but if you look at the charts there were two bubbles, starting at around $10 to $100 in early 2013, then a crash, then from $100 to $1,000 before the big crash in early 2014.
I completely agree with what you're saying, but I still think it's OK to call them bubbles. It's just how crypto moves. It goes up in bubbles and crashes, each landing one step higher than before.
I believe it's a bubble...but so far, one of the least widely held bubble. Most owners are still early adopters...next should be the institutional owners.
what happened in 2014?
I wasn't in crypto then, but if you look at the charts there were two bubbles, starting at around $10 to $100 in early 2013, then a crash, then from $100 to $1,000 before the big crash in early 2014.
These are consolidation periods.. moving from weak hands to strong hands. Bitcoin should never be compared to bubbles.
I completely agree with what you're saying, but I still think it's OK to call them bubbles. It's just how crypto moves. It goes up in bubbles and crashes, each landing one step higher than before.
I believe it's a bubble...but so far, one of the least widely held bubble. Most owners are still early adopters...next should be the institutional owners.