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RE: Why I'm Negative on Bitcoin

in #bitcoin7 years ago

Hi, thanks again for making another great video.

You draw an analogy between investors' optimism on the potential of the internet etc before the dot-com crash and bitcoin. I was wondering, considering that these investors were so bullish over the potential of the internet, just the same with bitcoin over the long-term, does the bubble popping really matter, if in the long-term everyone thinks things are going to be so great anyways?

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Of course it matters - if your investment goes down 80%, even if it ultimately recovers there is still going to be a time where you lose a substantial amount of money and there is no guarantee that it recovers either which will emotionally strain you. As said in the video / description, there are two separate worlds: Investing & Technology. Technology won't care if price goes down 80% (well except capital will dry up which means less funding so slower progression), but investors all should care.