Quote:
Originally Posted by BossChief
Cryptos have hit highs then dropped to 1/2 to 1/3 of their value before jumping to new highs 4 or 5 times in the past.
Gonna be interesting to see how far this slide goes and how far it jumps back up once it hits bottom
In the past, people that bought big at the lower levels made it rich.
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I wish you all the best of luck. I personally don't understand (obviously) cryptocurrencies and what derives their intrinsic valuations.
From the standpoint of blockchain technology, I see the underlying tech as having great utility and, therefore, value. But to assign a value to a novel currency--and for that value to have any objective meaning-- is utterly foreign to me.