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> Oddly enough (as someone who feels lukewarm about crypto) isn’t this a really strong case for it sticking around long-term? No. Fear and greed have motivate
by deeviant 3y ago
> Oddly enough (as someone who feels lukewarm about crypto) isn’t this a really strong case for it sticking around long-term?
No.
Fear and greed have motivated human investors since the dawn of investing, but saying that because this motivation is and likely ever will be omnipresent means that every individual thing this fear and greed have acted on will also be omnipresent is, off (Can I interest you in some Dutch Tunips, only 10k each?)
- jimberlage 3y agoDid the Dutch Tulip craze also go through a graph like bitcoin? Where it dropped as everyone realized the craze and then went back to its highs? Bitcoin behaves more like a currency and less like tulips. I think the Fed not providing an easy API for a non-dollar token backed by gold is the real thing that keeps crypto around.
- gitfan86 3y agoSPY is far less volatile than BTC and pays dividends. GLD is an ETF that tracks gold. BTC is for gambling.
- latchkey 3y agoAre you seriously still comparing crypto to tulips (sic)? https://www.smithsonianmag.com/history/there-never-was-real-tulip-fever-180964915/ https://www.smithsonianmag.com/history/there-never-was-real-...