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> At some point, the price of Bitcoin will level off, investors will exit, and then the price will fall, quickly and steeply. As someone who has been in the sp
by clarkmoody 9y ago
> At some point, the price of Bitcoin will level off, investors will exit, and then the price will fall, quickly and steeply.
As someone who has been in the space for a while, this is exactly what happens. There have been multiple 80%+ declines from peak to trough over the years.
> elaborate pyramid scheme
Having been in the industry since 2011, I have heard this sentiment since day one. Also tulips.
>I'm not a Bitcoin expert, but I don't see how anyone can view Bitcoin...
As a self-admitted non-expert, these initial observations might make sense. Become an expert and you will see differently. (It took me about two years to understand Bitcoin)
- drukenemo 9y agoCould you share what took you so long to understand and what have you learned? Not being sarcastic, but it took me a month to have a good grip on the subject, so I cannot imagine what took you two years to learn. Can you please share?
- clarkmoody 9y agoThe things that clicked last for me were the nitty-gritty of the transaction structure and scripting system. It also took some time to understand the cypherpunk roots of Bitcoin.