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RE: Is Bitcoin going to recover or take the whole crypto market with it into the UNDERWORLD?
I'm a big believer in the Blockchain technology but it doesn't contridict the fact that the market might be in a bubble, that's what happens when too many "newbies" treat something as an investment like you mentioned in this article. They get scared and the more people get scared more people sell and more people get scared.
Nevertheless, the fact that it might be a bubble or a market crash does not mean it won't go up afterward. Actually, if we look at the history - Real estate bubble, Amazon, or even US economy... they all went back up after crashing. I believe there will be a second wave but it's not that easy to figure out how much will it crash (when it does) and cease the opportunity.
Yeah man totally agree with you - and bubble does not mean "scam" as many people tend to think. There have been bubbles around some really stupid things like the Tulip bubble which people love to mention whenever the subject of bitcoin comes up; however, the tulips where just that - beautiful flowers and nothing revolutionary, while bitcoin is a total gamechanger in the financial and business world, with real use and value that has already totally transformed the world and much more is yet to come.
Even if its a bit clumsy right now - internet was not that fast too in its early stages of development, yet lo and behold we're communicating over it and doing e-commenrce in underwear from the comfort of our homes.
Bubbles have their own place of respect in the evolution of a new market, even though some of them are outright idiotisms like that tulip thing in the 17th century.
Your picture shows exactly what I was supposed to do myself haha but I've learned the lesson, and hope all the other sweet newbies will do to, whether if it's through this humble post or other people's sharings as they do their own research like I've been doing over the past few months. (and still do of course)
And thanks for the appreciation bro, I really appreciate it