crypto has no history to go by, a big part of investing is historical data. This crypto market is trailing the tech boom with 87% accuracy, and at this point is around 1995
RE: Selling Crypto Now is as Crazy as Selling Apple in 2001, Be Careful
You are viewing a single comment's thread from:
Selling Crypto Now is as Crazy as Selling Apple in 2001, Be Careful
As you say, there is no data, so using another data-set and lumping them into the same group under the banner of "tech boom" is going to yield some very incorrect extrapolations.
Not only is the tech completely different (doesn't matter that much), it's the very foundation of the economy that's being disrupted (matters a lot). Competitive capitalism is a completely different sphere than cooperative capitalism. You can't mush them together. Cooperative capitalism is a model that has never been seen, ever.
Cryptocurrency becoming mainstream would be like watching the Native Americans develop technology without having to worry about getting slaughtered by imperialists. They didn't even understand the concept of land ownership. The world has only ever known competition and debt-based slavery. To claim to know how this is all going to turn out is ignorant and delusional. Ignorance and delusion are business as usual if you consider the times that we are living in.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit