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If you're talking about the crypto market crashing, yes, this is absolutely in context indicative of the speculative circus ending. Everyone knows the coyote
by aaroninsf 4y ago
If you're talking about the crypto market crashing,
yes, this is absolutely in context indicative of the speculative circus ending.
Everyone knows the coyote has been running in air, waiting for various planks of a putative bridge to somewhere to materialize; those who put money into this vision who do not have it out now, will not get it back in a meaningful time frame, modulo dead cat bounce.
IMO "hodling" anything other than the most conservative (sic) of "coins" means taking a total loss. Bitcoin and Ethereum and a few others may crawl back over a few years; whether there is appetitive for another bubble with them is TBD.
It is not rational to believe their putative utility will emerge in that time; any future run up will merely be another round of speculation..