I especially enjoy reading these kinds of comments; they make me feel that prices can rise for at least another 20 years! These kinds of articles are interesting; they use "results" from beginning to end to prove that "the process must be wrong"— 1⃣ First, they create historical fear with "dozens of crashes," "countless company bankruptcies," and "massive wealth evaporation." 2⃣ Then they admit, "But Bitcoin always rebounds" (making themselves seem objective). 3⃣ Next, they quickly switch back to "this time is different," "the frenzy is about to end." 4⃣ Finally, they pose a philosophical question: "Will it still exist in 100 years?" It seems reasonable, but in reality, no trading decision is made by answering such a simplistic question. Will the US dollar still exist in 100 years? Will the US stock market still exist in 100 years? What will the human financial system look like in 100 years? If multiple crashes + multiple rebounds can lead to an eventual return to zero, then, by the same logic, the US stock market should have already died four times in 1929, 1973, 2000, and 2008!
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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