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Re: undefined

#2

Post by anoncoward111 »

I wonder how many times a security of any kind has exhibited exponential growth, and then crashed exponentially to a multi-month plateau, and then dumped some more.

Bitcoin definitely did it post mtgox (1200 to 300), but the only other securities I can think of dumped linearly (sears)

Re: undefined

#3

Post by dnautics »

anoncoward111 wrote: post #2

I wonder how many times a security of any kind has exhibited exponential growth, and then crashed exponentially to a multi-month plateau, and then dumped some more. Bitcoin definitely did it post mtgox (1200 to 300), but the only other securities I can think of dumped linearly (sears)

Dont know what you mean by "dumped linearly", but INX, 2008. Had a second drop a few months after the main.

Re: undefined

#4

Post by anothergoogler »

And to think, one year ago we had the fad of Bitcoin Christmas gifts. I know some intelligent people in tech who bought into BTC and ETH around then. Sub-$1k BTC by year's end is a real possibility.

Re: undefined

#5

Post by nikolay »

anoncoward111 wrote: post #2

I wonder how many times a security of any kind has exhibited exponential growth, and then crashed exponentially to a multi-month plateau, and then dumped some more. Bitcoin definitely did it post mtgox (1200 to 300), but the only other securities I can think of dumped linearly (sears)

Except that Bitcoin is more of an insecurity - pun intended!

Re: undefined

#6

Post by nikolay »

anothergoogler wrote: post #4

And to think, one year ago we had the fad of Bitcoin Christmas gifts. I know some intelligent people in tech who bought into BTC and ETH around then. Sub-$1k BTC by year's end is a real possibility.

I think we again and again come to the conclusion - the world careless less about crypto.

Re: undefined

#8

Post by jasonwen »

So many useless services and so many who believe this year will end in a bullrun. If you ask them why, they can’t give a good answer, or it’s “because last year we had a bull run in December”.

I believe in Bitcoin and blockchain, overall I think last years run was good for mainstream understanding, but adoption and technology didnt keep up the pace of all price speculation. We correct, we cry, we slowly recover. Not this year, and not next year.

Re: undefined

#9

Post by darawk »

anothergoogler wrote: post #4

And to think, one year ago we had the fad of Bitcoin Christmas gifts. I know some intelligent people in tech who bought into BTC and ETH around then. Sub-$1k BTC by year's end is a real possibility.

I think sub-1k btc is extremely unlikely. The history of BTC's growth and crashes is strikingly similar each time. It goes up 5-10x, then crashes to roughly 2x where it started, stays still for a while, and then repeats. I'd be willing to make a bet with you that it won't go under $2k by years end, if you'd like :)

Re: undefined

#10

Post by jarfil »

nikolay wrote: post #6
anothergoogler wrote: post #4

And to think, one year ago we had the fad of Bitcoin Christmas gifts. I know some intelligent people in tech who bought into BTC and ETH around then. Sub-$1k BTC by year's end is a real possibility.

I think we again and again come to the conclusion - the world careless less about crypto.

The world cares about useful things, like the ability to wire money with low fees, or being able to buy a pizza. Very few care about holding onto an asset hoping that it will go up indefinitely... and it never does if it isn't needed for daily use by many others.
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