RE: Retail Capitulation Round 2 - The Slow Crypto Bleed

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Retail Capitulation Round 2 - The Slow Crypto Bleed

in cryptocurrency •  7 years ago 

The reality is that prices were ahead of themselves late 2017 and early 2018. we ste experiencing a reversion to mean which is normal in asset pricing cycles, particularly when it is nee, disruptive technology. Amazon and Apple did not stop innovating when the dotcom bubble popped and blasted their valuations. Today they are the most valuable companies in the world. Netflix, Facebook and Google were all born AFTER the bubble given the continued innovation in the internet technology after the devaluations. We are still early in the cycle for blockchain which will revolutionize industries all over the world in the coming years.

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I tend to agree with you, it's a great point.. Prices went absolutely nuts and unfortunately hurt a lot of people who bought towards the top, but this reversion to the mean makes sense.