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RE: Some crypto perspective... an antidote to the FUD.. there is no bubble, it did not pop, and this is no crash 'yet'!

in #cryptocurrency7 years ago (edited)

Cryptos experience microbubbles.

I find this amusing. Microbubbles? So who get's to set the time periods? IF it is arbitrary then everything experiences 'microbubbles' as everything has ups and downs. So what is the point?

Political agenda? To say "See I told you" when based around some arbitrary short time period?

What's the point? Who cares?

When traditional investments, taxes, everything else are compared on an annual basis then to me that makes sense to use that as the litmus on whether a true crash or bubble has occurred.

Anything else I picked would be arbitrary, and due to not being very standard wouldn't be that useful and I could use it to paint any image I want, I could terrify, or fortify.

Even if bitcoin fell to $3000, so what? That is still a 300% increase since last year.

EDIT: Also I am not invested heavily in bitcoin. I believe its miner fees are its biggest flaw. It is slow, but the slowness is secondary to ridiculous fees for actually trying to use it for something.

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