Sneaking out. Hooking up. Melting down. The cast and crew of a blockbuster action franchise attempt to shoot a sequel while quarantining at a posh hotel.
... and 78 days ago I recommended sell your Bitcoin now.
I'm not clairvoyant or an insider, rather I've seen this movie before. It's called The Bubble. This is the part of the movie where the bubble pops and remaining investors act all shocked and disappointed.
There was a Dot-com Bubble, it popped, people lost a lot money, but many of the dot-coms still exist and have grown.
There was a (US) Housing Bubble, it popped, and there's still houses being bought and sold, just at lower prices today.
... and there's still tulips for sale too.
My point is Bitcoin may still carry on past this episode, but you have to recognize that its current price is way too heavy to make it over this bridge without collapsing, and it takes a long long long time for prices to recover after a bubble pop.
Hacker Cinema
1 comment on Hacker News
It was nearly 3 years ago when I sensed that Mt. Gox lack of maturity as an exchange would eventually spell trouble for Bitcoin: https://news.ycombinator.com/item?id=2608055
... and 78 days ago I recommended sell your Bitcoin now.
I'm not clairvoyant or an insider, rather I've seen this movie before. It's called The Bubble. This is the part of the movie where the bubble pops and remaining investors act all shocked and disappointed.
There was a Dot-com Bubble, it popped, people lost a lot money, but many of the dot-coms still exist and have grown.
There was a (US) Housing Bubble, it popped, and there's still houses being bought and sold, just at lower prices today.
... and there's still tulips for sale too.
My point is Bitcoin may still carry on past this episode, but you have to recognize that its current price is way too heavy to make it over this bridge without collapsing, and it takes a long long long time for prices to recover after a bubble pop.