Dude. You made so many great points that i dont know where to begin... you like overloaded my brain with the exact things that i believe. Almost exact anyways. But I’m going to start by asking, may i use that meme at the bottom for some of my future posts i like that one a lot lol.
But in short, BTC naysayers don’t understand how things work. It’s not a bubble because these things will always have value. Their value is not going away. This is only the beginning. Wider adoption still needs to take place, and that brings greater growth. So even if this was a bubble, we are not close to bursting yet.
Also, there are so many possibilities with Blockchain technology. Sure many coins are stupid. But the coins prove there is so much possibility with the use of blockchain. Steemit is a great example.
Those who believe a “bursting bitcoin bubble” (hows that for alliteration? Lol) will impact the world economy are wrong on so many levels. The world economy is so much bigger than the amount of money in crypto right now. And its spread through out the world. Sure some countries have a higher concentration than others, but the impact to the country would be minimal since the crypto is not tied to a government. But say Russia created a crypto and used it within its borders exclusively and it became the standard of money there. If that “bubble” bursts, Russia would see some affects.
But as it is right now the negative affects would diffuse to almost nothing and little would be felt in the world as a whole. The upside is so much greater than the risk, which is why i got in. The tech is great. The possibilities are endless. Everybody kicks themselves for missing out on the dot com scenario, but everybody is skeptical of these types of things. They hate to risk it, but hate missing out. With crypto you have a great opportunity to make great returns. You wouldn’t make the types of returns you see in crypto with the stock market. It would take years.
Sure it can be risky and everything. Which is why you should never invest more than you are comfortable losing.
I can address so much more, but then this comment would be a post lol. But great stuff. You wrote a lot of great things and i wish i could cover all of them.
I'm glad I'm not the only one that sees things this way.
You are the eye opener to much new people out here. PLEASE give some lectures about the posibillities :D
I think the mom and pop investors spent their money just into the peak. And sold at the bottom and are now burned as digital currency investors. Maybe until a good time to invest has come, at the next to next high...