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RE: Investing Legend Calls Cryptocurrencies "Biggest Bubble Of A Lifetime"... But There Is A Catch

in #bitcoin7 years ago (edited)

Precisely. Anyone not leaving in a core position longterm is a fool. Crypto is totally different than any other asset class than we have ever seen in history so people easily misjudge it. Cryptocurrencies are not companies with earnings and its all based on Metcalf's law. In other words, the more users the more demand for the token. Its like gold was invented 9 years ago and its value started off near zero but its growing into 8 trillion dollars. Just imagine in 20 years how big some of these Internet currencies will be. Beyond people's wildest dreams baring that nothing catastrophe happens that can't be worked out.