So does the fact that our ATH has been a bit delayed mean that when we finally do have the next bubble it will be even bigger than we even expected or dreamed!? Perhaps this is a good thing in the long run? I am just trying to console myself with this thought.
Maybe this waiting process is just . . .
There wont be another giant bubble. There will be steady rise with the occasional outbreak. People will start to unterstand the Bitcoin thing for what it is, a intangible good, the same as your shoe as a tangible good, which cost x amount to make plus margins and profits and everything else to go with a product. If the profit mining it is very big others will join. Proof of work is what it says it is, a proof that x amount of work has been done which can be sent to anywhere in the world for little cost. When you paint a house you can proof the work has been done, but you will find it hard to exchange it with some one on the other side of the globe. Maybe this waiting process is just . . .
