Wake us up when any 2.0 tech has any utility as s currency or store of value.
Meanwhile bitcoin is currently a scary great buy IMO.
No attempt at trolling, but really: again a great buy? Even you as a permabull must admit this has been said the entire ride down so far. Talking about going down: how much are you down Inca? I wonder.
The further down we go, the greater buy it becomes, given same or improving fundamentals. It has been a great buy since $600 for me, so just an amazing XMas sale of buy 1 get 1 free at $300.
that means you, and many others are just gambling for the next ponzi bubble (unlikely, since there is a huge inflation and others 2.0 better techs are coming out) to get rich quick?
No, that does not mean that. I was making fun of the silly image in post #1. There is no such thing as the "next ponzi bubble", ponzi by definition works only once. There are no better 2.0 or 4.0 techs coming out, there are some tiny experiments going on now which are infinitely worse than original, yet. And no, get rich quick is not exactly my plan. Yes, I like to see bitcoin succeed because I do believe in it and have some vested interest to support my belief, but whether it will be now or by 2050 does not really matter. Yes, I also do make money by selling into peaks and buying on the dips like we have now, that helps reduce volatility by calming down the scared or overexcited traders, and also makes me money, so there is nothing bad about it. But it definitely is not the only or even the main thing why we do support bitcoin. If it stayed at $300 forever, I'd be very happy for it, too, as it would allow it to fulfill at least some part of the plan. But reality is, it will have to go through many more vicious cycles of price explosions, ending either at infinity if it takes over the world, at zero if it fails somehow, or as some medium-volatility asset like gold, no way to know the end-game, yet, so we take the risk together with the thing that we believe in - it's normal.
That answers all your questions?