As I said since the beginning, it's not a sustainable model. People will continue to say that ups and downs are normal, but dropping 150% in a year with little recovery is insane. It doesn't work as a currency, and as a resource, it is pretty stagnant.
Frankly, the only people who are still shilling it are the ones who bought in at the beginning and want to convince everyone to buy to push the price back up. All the other coins go through the same damn thing. The entire 'boom' is entirely rooted in big investors who advertised the coin and campaigned for it, not because the actual product was tangible.
The propaganda about how it will destroy banks and give the power back to the average joe was just that, propaganda. It was literally just taking away the power from banks and giving it to cabals of rich investors who could manipulate it in the exact same way banks did.
Really, though, the whole key thing to take away is blockchain. That is a great technological advancement and will long outlast any sort of crypto.
150% drop in a year with no recovery? What are your even talking about? It's only been 5 months since the highs. You realize BTC was $3k-$5k in November? And that things similarly went bad from Jan 2017 to July 2017 right?
I love how people in here even admit they don't really know what was going on and that they blindly invested or listened to people but now it's all "I told you so".
Nah, wait a full year at the very least before making final arguments.
Also regardless of anything, people in the crypto generals are still making money every day. Just off a $5k investment, I'm able to make about $1k a week. Not bad at all.
You make good points, but a lot of it has been said for years before and often disproven.
Well for me the crypto timeline started in September/October of last year. It was when the media started regularly reporting on bitcoin highs. There was tens of topics everyday on CE about it. People were complaining the bitcoin is driving the prices of GPUs up.
Now along with the bubble popping it seems even GPU prices are dropping back to normal. ---
Edmonton Oilers winning a draft is like giving a homeless person money but knowing they are going to spend it on drugs and alcohol- Xunolix