RE: SCARY Trend in Bitcoin & Other Cryptocurrencies

You are viewing a single comment's thread from:

SCARY Trend in Bitcoin & Other Cryptocurrencies

in bitcoin •  7 years ago  (edited)

I love the fact that people are bored with it. Boredom means that cryptocurrencies won't be over-hyped (at least not in the near future). Less hype means less of a chance of a parabolic rise, which also reduces the chance of another catastrophic crash.

Plus, I'm OK with some sideways action and -- hopefully -- a slow uptrend.

This is just my opinion, of course...but again....I'd rather see less hype and slower growth over time. The same thing happens in the stock markets, where I work. More hype = unsustainable gains as people -- who only care about price -- get in. Scary losses cause the people without conviction to get out, and cooler heads remain.

We'll see.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!