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Instantaneous price is not value. The concept of "market cap" for these coins is ... fairly weak. It's not a good real measure. We are going to have a massiv
by rothbardrand 9y ago
Instantaneous price is not value. The concept of "market cap" for these coins is ... fairly weak. It's not a good real measure.
We are going to have a massive crypto bubble-- this is fundamentally new technology so its going thru the technology adoption life cycle and pops every time it gets to a wider audience--- and it hasn't yet gone mainstream. Everyone knows about it, but nobody trusts it yet.
We're at the point like in the 1990s when the idea of using your credit card on the internet seemed foolish and just asking to lose your money.
Once people become comfortable with it we will have a massive bubble, fortunes will be made and lost and it will make 2001 and 2008 look positively sedate.
I don't think BCH will still be around by the time that happens, though.
- deleted 9y ago[deleted]