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TheSingulatarian t1_itqm3ws wrote

Reply to comment by cy13erpunk in How should an individual best prepare for the next five - ten years? by BinyaminDelta

He did until Bitcoin crashed.

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cy13erpunk t1_itr1olm wrote

fair-weather friends dont seem like the best advocates ill give you that XD

this happens every market cycle , and expecting the adoption cycle of a disruptive technology to be a 45 angle upwards without volatility is naïve

i think its fair to compare the bitcoin/crypto markets to the early .com interwebs ; both overhyped too early on but grossly underestimated long-term

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TheSingulatarian t1_its4j7k wrote

Bitcoin has no intrinsic value. It is purely speculative. It depends on there always being a greater fool to pay more than you did. Eventually you run out of fools. No different than the Tulip Bulb Mania that gripped Europe 400 years ago.

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