RE: Bitcoin Is Not A Bubble, The Dow Jones Is!
I respect your passion but do not necessarily agree that it is about perspective. Theee are actual facts right now that are affecting things in the bitcoin / crypto space. And they are real and could change things somewhat dramatically.
Does this mean it is time to panic. Not yet, but it does point to that things got going way before they had a chance to be figured out and some things that were claimed probably do not have a chance of happening.
This is always the case with new tech but got highlighted even more with cryptos because of the marketplace that is set up and the over promoting being done in the space.
If you believe in the tech then the markets should be meaningless right now and in the near future. But if you only care about the cash, then you need to get with the flow of these markets. Understand how things are moving and get in and out based on those movements.
This strategy of Hodling sounds great and everyone has a story about how people missed out on something that popped but the reality is that when it is new tech, the majority of people that hold on too long get creamed. You need to understand the market and right now from what I see speculators are getting paid. So think like a speculator not an investor.
Other than that I cannot see where to hang a hat right now. The reality is that some of these companies including Bitcoin have to get a business up and going to show what this industry will actually look like and then we will see. I mean can any of them actually make any money? That will take at least 2 more years and probably up to 5. Until that time, learn to love roller coasters.