You are viewing a single comment's thread from:
RE: EVERYTHING IS CRASHING AGAIN. All coin values are going down the drain. Or are they?
Eventually there will probably be a big crash but I don't think it's coming anytime soon and I don't think it'll be permanent.
Personally, I'm ok either way, I started out with zero and now I have $1000 worth of steem and a chance to diversify a little bit movi forward, just in case something goes up a hundredfold. It would have been nice to diversify much earlier but I can't complain either!
I doubt that it will be a "crash." As you add, it will not be permanent, therefore if and when it happens, it will most likely only be a "major correction." Bitcoin has had them before, and it will have them again. That's to be expected.
If there was ever an investment (besides precious metals) that was a buy-and-hold deal, cryptocurrencies and bitcoin in particular are it.
As for its being called a bubble, I recently read where an astute observer stated ...
"Bitcoin is not a bubble. It's the pin." :-)
That is a brilliant quote! I hope it comes to pass!