RE: Behavior and evolution of cryptocurrencies ten years after its creation / What to expect from them in the future?

[majes.tytyty]

With regard to bubbles, bitcoin has gone through several boom-and-bust cycles (or what looks like such a cycle), and each time, it has in fact not suffered any terminal or final bust.

Apart from the 2011 bubble that you mention, there was a similar bubble in 2013, followed by several other less extreme ones over the next few years. And of course, the big $20,000-boom in 2017.

The way I see it, the 2017-19 boom-bust cycle is just another series of moves and fluctuations as BTC ascends to its true value.

As for the current extended lethargy, it's hardly any cause for concern. In fact, it might be a good reason for optimism.

Onwards and upwards.

Comments

[crypto.piotr]

Excellent comment @majes.tytyty

Have a great day James :)
Yours, Piotr

[fucho80]

Dear @majes.tytyty, it is true that the price of the crypto-tons is very fluctuating and I still do not understand why this happens.

In my view, the boom and bust cycle of 2017-19 is just another series of movements and fluctuations as BTC rises to its true value.

As I can understand in your assessment that we should wait for the real price of bitcoin, I would like to know what you think about the real price ... what would this "real" price be? If we can speculate a bit with this.

Regarding the current extended lethargy, there is no cause for concern. In fact, it could be a good reason for optimism.

There are so many positive opinions that I have heard and read about it that just like you I am very optimistic that there will be a speedy recovery and this will help us solve some problems.

I really liked your comment, thanks for reading and commenting on this article.

Successes
Pr EV

[majes.tytyty]

I'm not an expert, so I aint gonna say what the "real" price of bitcoin is. But I know enough about the current situation of the world economy, with its overvalued fiat currencies, that we can safely say that many cryptos (not to mention gold and silver) are insanely UNDER-valued.

So, maybe the value of bitcoin will stay the same, but as the US$ plummets in value, the relative value and price of bitcoin will be seen to skyrocket.

The collapse of fiat currencies has already begun. Watch in wonder as they collapse further, and cryptos and precious metals take their place.

[fucho80]

I'm not an expert, so I'm not going to say what the "real" price of Bitcoin is. But I know enough about the current situation of the world economy, with its overvalued fiduciary currencies, that we can safely say that many crypts (not to mention gold and silver) have an unhealthy valuation.

Totally agree with you, I think that although we are experts in the subject (I am not an expert) it is very difficult to know what is the real price of BTC, it is also true that there is a lot of overvaluation in some fiduciary currencies and it is the time that cryptocurrencies take the place that corresponds to them.

The collapse of fiat currencies has already begun. Watch astounded how they collapse even more, and cryptos and precious metals take their place.

That collapse is imminent, I just hope that it benefits all cryptocurrency enthusiasts.

Thanks again for your comment.