RE: The benefits of Bitcoin losing half its value, and why I believe it was a good thing short-term.

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The benefits of Bitcoin losing half its value, and why I believe it was a good thing short-term.

in cryptocurrency •  7 years ago 

Agreed I'm really happy about this bear market! It helps clean the house as you say, but it also allows me to buy more coins! Happy panic selling everyone =D

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Ha ha, I didn't want to seem like too much of a douche in my article, but I too always take the opportunity to buy up what I can on the cheap as well, during these bearish times.

The crypto space may not have even reached the early part of the growth phase. New entries are coming fast and will continue. Developing critical mass will bring in legacy institutional players. Don’t believe the BS about volatility keeping them out. They pray on volatility, and love it.
The maturity phase is at least several years away, and most importantly, new advances and real technological breakthroughs are coming fast into this space. That is value creation.

Wow, you just got my dick hard mate, and thanks for the fantastic news!

Now that's funny. I really wasn't looking for that...

Ha ha, don't worry... you're not the only one. 😉

Definetely a benefit of purging is the oportunity for new growth. Same as forest fires.

And as you know, once the fire dies out, and the forest grows anew, it is far better than it ever was before!

We've seen the cloud miners get flushed before they grew back and so will the lending platforms so maybe we should just keep bull running and try drowned out the scammers with far better legit systems 🙄

I like the way you think my friend, and I'm a believer, so I'll see you at the top!