Today I read somewhere that exponential growth is nothing to worry about because if you log the graph things start to look linear. Well, what can you say to such wisdom ;-)
I was wondering how high it can go. Maybe a better question is how long it can go. But people have been predicting Bitcoin's demise for years? Yes, they underestimated the sentiment behind it. No doubt Bitcoin 7.34% is massive. But maths is bigger. Sustaining the current growth is the only thing averting a massive crypto crash and subsequent crypto recession, huge amounts of new money will have to continue to flow in to the market to ensure it keeps growing. And that amount of money will have to continue to increase exponentially. And BCoiners think BCashers are their greatest enemy. What about gravity?
So it's gonna pop.... a week, a month who cares. Do you think you'll get your money out in time? How will we access our cryptos and fiat when all exchanges are down, either because Bitfinex is busy stealing everyone's assets or Kraken is just a piece of shit (but at least they're honest). Many of the larger ones barely function during peak periods anyway.
Is there a hedge against any of this? Probably not in crypto. That's why I'm getting out until things are clearer. December will no doubt be massive for many people, but not for me. I'v had my fun, this is my risk management.
I was wondering how high it can go. Maybe a better question is how long it can go. But people have been predicting Bitcoin's demise for years? Yes, they underestimated the sentiment behind it. No doubt Bitcoin 7.34% is massive. But maths is bigger. Sustaining the current growth is the only thing averting a massive crypto crash and subsequent crypto recession, huge amounts of new money will have to continue to flow in to the market to ensure it keeps growing. And that amount of money will have to continue to increase exponentially. And BCoiners think BCashers are their greatest enemy. What about gravity?
So it's gonna pop.... a week, a month who cares. Do you think you'll get your money out in time? How will we access our cryptos and fiat when all exchanges are down, either because Bitfinex is busy stealing everyone's assets or Kraken is just a piece of shit (but at least they're honest). Many of the larger ones barely function during peak periods anyway.
Is there a hedge against any of this? Probably not in crypto. That's why I'm getting out until things are clearer. December will no doubt be massive for many people, but not for me. I'v had my fun, this is my risk management.