4 ms·
> Have we even seen a single cycle yet? I mean, just look at the data. Yes, there have been -- without any doubt! -- at least 3 cycles that I recall. And by
by jnbiche 9y ago
> Have we even seen a single cycle yet?
I mean, just look at the data. Yes, there have been --
without any doubt! -- at least 3 cycles that I recall. And by cycle I mean Bitcoin losing at least 50% of its market capitalization suddenly (bust!) and then slowing crawling back up, then quickly shooting up (boom!). No one, not even Bitcoin's biggest detractors, doubts that it's been through numerous boom and bust cycles (and that's not even a good thing, for a store of value).
- Ilikesoup 9y ago>I mean, just look at the data. I look at day-to-day - or even month-to-month- variations as noise, not cycles. How far down the time-series fractal is considered a cycle? All of this variance might look hilariously insignificant in 20 years. Perhaps we have a difference of perspective.