The only cautionary tale I might make on this is the group before in BTC and crypto up until say Jan 2017....we have seen a lot of FUD/drama/price dumps/etc and are still in the race
the massive amount of newbies have not been 'bloodied' yet by such and are NOT In crypto for some of the reasons us oldsters are...mostly they are in for the $$$ IMHO, and not the protocol
or replacement of traditional finance in some manner etc
thus when there is a correction...of some kind FUD wise or otherwise or an exchange chokes again etc ...all this money from Jan 2017 that went into crypto could flow out just as
fast (in the short term in my view) due to panic etc
Bitcoin and crypto is an unregulated market..thus like the 1880's thru 1930's there will be the equivalent of bank runs and crashes etc...if you HODL it will be fine....but some
of the new money and newbies coming in are gonna get bloodied by this yo/yo up/down/crash/fud/despair/fomo action....so proportionally a lot of newbies..but proportionally
many of them are gonna panic like any other masses in any other fiat or bank crash
prepare for it and Hodl
after such happens, IMHO, after being bloodied....the will come back into the market wiser and in the long run..it will be good....but too many folks out there still learning
and buying the press FUD on every downturn..it may take this mass of new folk this year into BTC and crypto a year to come to terms how fast stuff here can flip in price
and perception from month to month....learning curves suck!
anyway, what I'm planning on..if I'm wrong I will be pleasantly surprised...if I am right....I'll just ride it out as usual......but the new folk....they to shall learn like us
pre-Jan 2017 folk.....it's a roller coaster...deal with it
Anyway, oldsters also need to prepare for this .....the swings may be major...newbies...well, there is a reason some of us in this for a bit have 'grey hairs'
take the poll
thanks
brad
