you turned to a delusional cultist.... but hey who knows, maybe I am the delusional one here, we will see about it later.
But when the retardo troll crowd tries to spin another major investment by the legacy finance world as further signs that crypto is doomed... well, it's getting a bit transparent.
This is what I am trying to say, Bitcoin is fine for now, in fact it is doing better than anytime before...but Bitcoin price is really not OK, the soonest this bubble burst the faster things can develop and normal growth can start again ( and we can get rid of these fucking trolls, both sides bears and bulls).... for now it is just painful, slow and boring bear market.
Guess we're in agreement then mostly. There are some signs that the (2013) 2014 (2015) bear market is, if not ending, getting closer to an end, but your guess is as good as mine if we already reached bottom or not.
Here's what I think:
I don't buy the
bullshit of extending a line running through historic price on a log chart arriving at ONE MILLION DOLLAR per bitcoin by the end of next Thursday, but I also don't buy the
bearshit of declaring Bitcoin dead and failed when VC money pours in like it did this year.
The latter doesn't mean we're going to rally now, not even this year or the next necessarily, but I
do take it as another milestone for crypto becoming entrenched as a part of human society.
Which sounds good enough for me. The rest is a matter of your investment time horizon, your risk profile, and your ability to control risk.
Yes, venture capitalists look at things mid-long term, beside they are leveraging their risk by investing in companies that will build the Bitcoin ecosystem and push growth, this is what Bitcoin really need and I am happy that money is going to the right place, these companies will eventually exist even if Bitcoin fails...some think that VC money should be spent on buying bitcoins which is just outrageous, because it will just enrich the "get rich kids" instead of doing any good to the ecosystem and the real community around it.
Most of us here Acknowledge the potential of cryptocurrencies, I choose the objective way to look at things which somehow offend most of people here...I understand, these guys have hopeless lives, they didn't achieve or accomplish anything so they hope and wish and rely on the success of Bitcoin, and by success I mean the price skyrocketing, but the truth is that Bitcoin is already going mainstream and succeeding... guess what, even if Bitcoin fails it wont effect my life a single bit, now try ask your self the same question, if you will be effected a single bit then maybe it is time for your to rethink your position.
