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RE: A 50% drop in a couple of days and a 35% recovery in 24 hours. Should you worry?

in #bitcoin7 years ago (edited)

The cryptos market will cleanse itself over time from all the get-rich-quick coins, icos and itos. That will free a lot of capital that can flow into real decentralized free open sourced cryptos. That will also be good for the real deals like Bitshares, Steem and EOS.

For me the blockchain technology is an evolution ready to move on further. And innovations will follow. Steem is actually proof of that, for example

Maybe some will refer to blockchain technology as being a so called ponzi-scheme. This is really unfounded, by definition. But there will always be those who will state it is, as they did and shall.

At Steem we know about that kind of slander...

Bubbles are often triggered by hyping claims something is a bubble, in my experience that is part of the market manipulation. Like the financial mainstream media like to do towards the cryptos market.

Time will tell what happens next. But while I'm here I'm enjoying the ride.

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