I too watched the bubble mania in disbelief. But this wasn't the first time. In 2011 there was also an agressive bubble up to $30, with plenty of media attention. 6 months later the price was down to $3.
The bitcoin fanatics should have "lost" back then. But instead bitcoin kept on chugging and expanded its user base.
The same will happen this time. The speculators will move on but the group of people with a genuine interest in using bitcoin will have grown.
The bitcoin fanatics should have "lost" back then. But instead bitcoin kept on chugging and expanded its user base.
The same will happen this time. The speculators will move on but the group of people with a genuine interest in using bitcoin will have grown.