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I agree that it's bubble and bursted several times. The key part of the rescue though is bringing in new money with another level of investors. The current lev
by bruce511 4y ago
I agree that it's bubble and bursted several times. The key part of the rescue though is bringing in new money with another level of investors.
The current level seems to be pitched at "everyone". After that there's not much place to go. There are some territories currently excluded and they may come into the fold, but probably won't.
The root problem is that it's utility is limited, and as yet has not found a way to grow that utility in proportion to its overall growth.
By contrast a stock like say apple seems (and may be) bonkers, but apple has shown consistent utility growth. They improve sales by appealing to more market. People by an iPhone to use it, not to keep it and sell it for more.
Of course crypto may not crash. Red flags don't mean certain collapse. They are, after all, just red flags.