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RE: Bitcoin volatility near record lows - guess what "usually" happens next?

in #bitcoin6 years ago

My no-coin acquaintances keep gloating that it's a shame the bubble has burst. I remind them that the bubble has popped before and always subsequently inflated bigger. I say that we've seen a gentle lapping wave and a tsunami is coming. I ask 'did you feel that minor tremor because a magnitude 10 earthquake is on its way?' $200 billion market cap? 100x that.

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I agree 100%. Those same friends will be the ones finally willing to buy on this next peak, probably around $30-$40k BTC. Then they will also endure the next bear market that follows that peak. Why not just buy now when everyone hates it?!