Well it could also be this as well
or my personal favorite
take your pick
But imho....Bitcoin is too far along and has too useful a slew of features to just go into a complete 'dead cat bounce' ......too many people already
involved and much to much in the way of useful features ...especially in 3rd world countries with weak fiat...
Now as to 'WHAT' the market will eventually stabilize out at more or less in the next few years...adding in everyone and his brother doing large
mining PH farms and cashing out to USD directly....(pushing price down) ....gov't intervention....people 'hoarding bitcoin' making it a bit more the
probably 'too valuable' from those actions...and of course the 'real' kicker....its actual usefulness worldwide as a method of exchange w/o the
need for centralized authority.....banks.....etc
Anyway I look at it this way...it is 'venture capitalism' or 'angel investing' it is pure 'speculation' ..in other words...when someone with real $$$
decides to 'angel invest' in something like apple back in the day...the odds are ..again imho ..something like this 50% chance I lose the money
being one of the first guys in or 50% I'm correct and make a killing
So anyway WHEN is the next time I am likely to (in my lifetime) have the opportunity to 'hear about' not to mention act on something 'real' angel
investors/venture capitalists are interested in? It may all go beanie baby..it may go to the moon...but the odds of me hearing about something
else with bitcoin's potential and getting in at the time line I did (2013) is unlikely....
so my shot at being a venture capitalist...ie is is not an 'investment' it is 'speculation' we are all speculating the the services of bitcoin once they
have matured...will outweigh the backlash of vested interests/banks and others who would want to stifle such...and being first adopters will pay off
anyway likely my only shot....
another way to look at it ...say you know an airport is gonna build on 2 plots of land....you pick the wrong plot you lose your $$$ you pick the
right plot you are set for life...Bitcoin is like that ....from what I know it should work out...fantastically ..maybe modestly maybe...but like the
airport land deal above...man I just have to take a shot at it.....(only money you can afford)
to not make a valid attempt with what I consider early information on something that may go ballistic...well I'd rather take the chance and lose
the cash .then never take the chance at all.....
WTF..you only live once!
Searing