1-2. The only fair comparison would be one that measures from the start of the bull market rather than an arbitrary point in time like YTD. Like I said, it's a dubious comparison. 3. You're a smart guy, I'm sure you can think of some risk-adjusted return calculations 4. Well, you have a made-up theory and I have 12 years of price and adoption growth data, so you tell me who has the stronger evidence. When I search ET for bitcoin posts from you I see 50 pages worth of being wrong. What would you call the opinion of someone who's been wrong for over 10 years?
Do you think Dogecoin is being squeezed or panic buying? I played it, bought ETH Friday sold yesterday knowing nothing about them. Usually when I trade something new, the asset crashes.
As someone who has weathered a few of these crypto market cycles, it may seem crazy, but this is completely normal for this portion of the cycle. There will be an oscillation between the core coins (BTC, ETH) and the altcoins as speculators parlay their "gainz" into riskier and riskier coins. I don't know how to predict how far it goes, but it has definitely been a repeatable pattern. I feel like I see a similar cycle on a longer timeline (maybe 10-20 years) when investors somewhat predictably parlay their stock market wins into real estate or other "safe" assets, which creates unsustainable growth in those assets. I'm wondering if the two cycles are synchronized this time. If so, hold on tight; it could get bumpy!
Everyone is chasing these cryptocurrencies, Greater fool theory is hard at work. Wait till the sudden reversal and rapid collapse of over 50%.
Curious, what is to prevent them from making a million more new currencies, call them Bitcoin 2, ETH 1,000, Cool Koin 666, Fake Coin 6969, etc, etc.?
Are we talking about "the" collapse? or more of a 2013, 2015, 2017 and 2019 style collapse where it eventually rallies 1,000's % higher? Just wondering if I should be worried or not.