Of course I'm enjoying the ongoing Bitcoin price rise but I wouldn't call it crazy.
Crazy was what was happening in 2010-2011 when the price went from a fraction of a penny to over $30 in about a year.
This isn't crazy, this is just normal.
Humm I did not see when bitcoin was only worth $30 but I must say that it must have been a disappointment for the people who witnessed this price drop.
In the present day my investments are all in bitcoin so that a similar fall would destroy all my projects and my dreams
I wasn't talking about a
drop. I was talking about the crazy price
rise from under $0.01 in May 2010 to $33.00 in June 2011.
It broke $1.00 (dollar parity) in February 2011.
People weren't disappointed. They were ecstatic that the coins they'd paid pennies for were not only worth dollars, but dozens of dollars.
When the bubble popped, it eventually crashed all the way down to under $3.00 in October 2011. Within a year it was back up to double digits.
People who bought at the top of the bubble were disappointed but if they had enough sense to hold, they would have doubled their money within 2 years.
It was similar in 2013 when it went from about $12 to $1200 in less than a year and then crashed to less than $200 by 2015. If you didn't panic and held those $1200 coins you'd have already doubled your money.
The really smart ones are those who held right through both the bubbles and saw their single digit coins worth thousands.