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> It will always have its lemmings and grifters pumping it back up after a dump. Just ride the tide. I think the shoeshine boy moment might be here with bitcoi

> It will always have its lemmings and grifters pumping it back up after a dump. Just ride the tide. I think the shoeshine boy moment might be here with bitcoin and crypto, thanks to things like the Super Bowl ads, so that strategy you stated is much riskier than it was in the past, and potential returns lower. Pumping doesn't work well when the flow of new investors ebbs. Eventually a lot of the "investors" may need to take out money out of bitcoin into fiat to pay for necessities, especially if a recession hits. The issue is that people don't need or want to buy crypto except for speculation(other than some temporary crypto purchases for ransomware, drugs, money laundering etc.) to flip it.

asdff 4y ago
If anything the fact that you have things like the crypto.com arena taking over the staples center ossifies it. People are now making automatic contributions to both a 401k and a crypto portfolio. There is an entire fintech side of this too. That last line in your post made more sense when bitcoin popped at 17k years ago. Its a fundamentally different animal now that you have goldman sachs boys buying crypto with their models, and I don't think the global world of finance is going to let go of this new plaything anytime soon after they have spent so much effort on regulatory process. I'm not putting much skin in this game, but I'd be a fool not to hedge my bets and stake some versus blind myself on principle and sit on the sidelines. Betting what you don't mind losing is always a winning strategy; things can only go up with that outlook.