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RE: SCARY Trend in Bitcoin & Other Cryptocurrencies

in #bitcoin7 years ago (edited)

I love the fact that people are bored with it. Boredom means that cryptocurrencies won't be over-hyped (at least not in the near future). Less hype means less of a chance of a parabolic rise, which also reduces the chance of another catastrophic crash.

Plus, I'm OK with some sideways action and -- hopefully -- a slow uptrend.

This is just my opinion, of course...but again....I'd rather see less hype and slower growth over time. The same thing happens in the stock markets, where I work. More hype = unsustainable gains as people -- who only care about price -- get in. Scary losses cause the people without conviction to get out, and cooler heads remain.

We'll see.