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RE: Bitcoin Massive Price Drop, Profit Taking, BTFD, And Why There Will Never Be Another "MtGox Event"
Sure it can. You just aren't exposed to such opportunities very often. Think buying Apple stock decades ago.
@Kyle.anderson I'm talking about the short term. Apple took 15 years to build its market cap and there were plenty of 20-50% corrections along the way. Markets that go vertical, up or down, are not sustainable. They bottom/top then correct, build a new base and, if the fundamentals are there, continue the trend.
Bitcoin is in a massive bull trend. But, it got way ahead of itself this week. That is all.
I can vibe with that! I agree that without a scaling solution, BTC is overvalued.