In the past six months, the cryptocurrency market has experienced dramatic fluctuations. I've witnessed price changes ranging from +XY,000% to -99%, in fewer than 48 hours. We have also witnessed evolutionary technical development in the blockchain realm. From hacks of major exchanges to investigations of Ponzi schemes, from mainstream media coverage to viral music videos; cryptocurrency markets have been taking dramatic and incremental doses of stress.
Different systems during a blackswan event (Doorn, 2018)
Currently, we stand at a market cap in excess of USD250 billion, regardless of what word you use to describe its volatility during the past few months. Having survived a few existential stressors, cryptocurrencies today remain better equipped for surviving a future financial catastrophe than it was six months ago. In fact, some cryptocurrencies seem to be more resilient during a financial catastrophe than some fiat currencies out there (for example, the Venezuelan bolivar in 2017).
Opportunities will continue to rise in the cryptocurrencies market and the technology's adoption will continue to grow. Thus, opportunists and enthusiasts should embrace the antifragile nature of cryptocurrency instead of flip-flopping perspectives based on price points.
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