gentlemand
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May 02, 2017, 08:13:23 PM
Last edit: May 02, 2017, 08:29:00 PM by gentlemand

You won't really be able to get the old timers excited about bitcoin again, as the market is really too big now to get pumped to the moon like in the past. A black swan event only happens once a decade or so. But it's not like +50%/year is anything to sneeze at, still spanks every other existing investment out there.

I disagree. For better or worse the potential for pumpage is higher this time. There's a generation of hardened holders, there are better reasons to hold, there are more reasons to buy and fewer options to buy, exchange options seem to be contracting quite rapidly.

Look at the gaps opening between Bitstamp and GDAX and they're both fully functional. There's more money being pushed through narrower pipes. If there was ever full on FOMO again it would be more explosive. In the last few years there hasn't been a breath of that which is why it feels like it won't be returning. It will at some point.

Agreed about the alts though. People will be hosed eventually.