I think if you are a long-term evangelist of crypto you have to expect and be prepared for enormous swings. And while i'm bearish on the future of bitcoin and all of it's brothers and sisters and think ultimately the sky is the limit. I wouldn't be remotely surprised to see it drop back to $2500 at some point.
We need to be prepared both intellectually and emotionally for a long ride. If we just expect it to always go up we will occasionally be highly disappointed and potentially extremely stressed out. Bitcoin is one of the most volatile investments and technologies I have ever seen. We, as users, early-adopters, and investors, above all else need to always remain calm and not panic and further harm the market.
Just my thoughts.
I agree.
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What type of structures/regulations do you think will come into place? What type of structures/regulations do you think are needed?
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