The "Crypto Bloodbath" - We've All Seen This Movie Before...
Cue the creepy time machine music...
You know, like a movie you've watched a million times or old reruns of Seinfeld, the silky tentacles of Deja vu crept into my mind like some really bad crypto-monster hentai or scary blockchain manga gone wild. (which I have never viewed, and if I did perchance stumble across and decide to download said videos in glorious HD, it was strictly for research purposes of course...)
Cycles
After reading the most recent post on this by @stackin I decided to take a long look back at Bitcoin price volatility. And sure enough... There was no slow and steady climb to the summit of near 20k in late 2017. Instead, our crypto's price gyrated like a drunken sailor riding an overweight belly-dancer. For instance, we went from $1200 in 2013, down to $200 in 2015 and back up to $1200 in early 2017. Quite a wild ride right? Anyone suffering from a FUD attack would have been preaching doom and gloom while selling at an extreme loss.
What price would make you click that "buy" button?
The blockchain is here to stay and will be woven into the fabric of technology we'll all end up using. If Bitcoin dropped to say $1, would you buy in? Look at it this way, in 1976 would you have invested in Apple? Anyone with even a little foresight could see that computers were only going to get smaller and even more powerful. So no matter what happened to our favorite fruit company, the personal computer revolution would not be stopped. And neither will the blockchain...
Bitcoin may go up and down and STEEM along with it. But the utility of this new technology and the inventive minds of developers will ensure a bright future for the blockchain. Will you still be there when it happens?
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I’m honestly so sad I don’t have more money to throw in right now. Z Cash is my favorite alt coin and it is so cheap right now. But you right this technology is not going anywhere and neither are we this is our California gold rush and get it while the gettin is good!
I'm wondering if word about HF20 is getting out to those who might give Steemit a look. I hope that coin moons for you. If I could travel in a time machine and take a peek at crypto one year from now...
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