Bitcoin ‘Boom-Bust Cycle Has Repeated Itself’ – Senior ...

Bitcoin ‘Boom-Bust Cycle Has Repeated Itself’ – Senior Market Analyst (Interview)

Bitcoin ‘Boom-Bust Cycle Has Repeated Itself’ – Senior Market Analyst (Interview) submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

"Bitcoin is humanity's best opportunity to escape fiat-driven cycles of boom and bust, allowing people worldwide to build our future on a solid and significantly more equitable economic foundation."

submitted by BitcoinMorpheus to Bitcoin [link] [comments]

Crypto Analyst Who Called Massive Bitcoin Crash Says BTC Targeting $400,000 in Extended Boom and Bust Cycle

Crypto Analyst Who Called Massive Bitcoin Crash Says BTC Targeting $400,000 in Extended Boom and Bust Cycle submitted by n4bb to CoinPath [link] [comments]

"Bitcoin is humanity's best opportunity to escape fiat-driven cycles of boom and bust, allowing people worldwide to build our future on a solid and significantly more equitable economic foundation."

submitted by doppl to GoodRisingTweets [link] [comments]

Recap of What happened in the crypto market this week plus some great interviews with Crypto Influences in the space - ENJOY

Since the SEC rejected the Winklevoss twins proposal for a Bitcoin ETF, Bitcoin is down 22.4%. For the week, Bitcoin is down 13.48%.
submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Why the Boom and Bust Cycles of Bitcoin are a feature not a bug to the adoption process

Why the Boom and Bust Cycles of Bitcoin are a feature not a bug to the adoption process submitted by JoeB34 to Bitcoin [link] [comments]

JPMorgan: Bitcoin Set for Another Boom and Bust Cycle

JPMorgan: Bitcoin Set for Another Boom and Bust Cycle submitted by n4bb to CoinPath [link] [comments]

JPMorgan: Bitcoin Set for Another Boom and Bust Cycle | BTCMANAGER

JPMorgan: Bitcoin Set for Another Boom and Bust Cycle | BTCMANAGER submitted by asmajda to CryptoStock [link] [comments]

JPMorgan: Bitcoin Set for Another Boom and Bust Cycle

JPMorgan: Bitcoin Set for Another Boom and Bust Cycle submitted by MundoMoedas to Cryptochillout [link] [comments]

Why the Boom and Bust Cycles of Bitcoin are a feature not a bug to the adoption process

Why the Boom and Bust Cycles of Bitcoin are a feature not a bug to the adoption process submitted by cryptoallbot to cryptoall [link] [comments]

Why the Boom and Bust Cycles of Bitcoin are a feature not a bug to the adoption process

Why the Boom and Bust Cycles of Bitcoin are a feature not a bug to the adoption process submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

[uncensored-r/Bitcoin] 2017 BTC Boom/Bust Cycles

The following post by wotsirB is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link: Bitcoin/comments/7or8l3
The original post's content was as follows:
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

2017 BTC Boom/Bust Cycles /r/Bitcoin

2017 BTC Boom/Bust Cycles /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

"Do you actually believe governments can end the boom and bust cycle more effectively with greater control over how you use your money?" -Bitcoin is a Potent Weapon in the Coming ‘War On Cash’

submitted by bitcoinik to Bitcoin [link] [comments]

2021 Last Bubble , After that price suppression/ manipulation ?

The Youtuber Davincij15 said in one youtube video that After bitcoin reaches a certain point ( 100k or 1 million ) its very likely that After that it will be "co-opted" by the banksters and manipulated with derivatives. In his opinion bitcoin will not have cycles After that because its price will be suppressed like they did with gold. I personally think that bitcoin will have These cycles as long as we have mining and halving events. What do you Think?
submitted by SubutayKhan to Bitcoin [link] [comments]

What Is The Long Term Viability of LBRY?

Why do you believe LBRY will not only survive but thrive in the upcoming years and decades? Do you believe they will continue to have solid growth to not only beat out all the other Free speech platforms but also youtube?

I will give my 2 satoshi's on this matter.

Pro's: I see library as the future in terms of at the very least being the number one free speech platform that is monetized and has at least 10 million channels or content creators. To have a platform that doesn't restrict or remove any videos will be absolutely imparative for the future of not only content creators but of the human race since we will surely be enslaved if we cannot have truth in our world. Not only that a brand new creator can monitize the channel instantly and some have stated they're already making more here than youtube even though LBC is just a couple cents right now. Also, even people that just watch videos they can receive the LBC as well just for watching videos or doing projects and other things that grow the platform.
1.) One of the things that concern my belief in the long term viability is it's connection to the Bitcoin bull and bear markets. This goes for basically all cryptocurrencies as they appear to essentially follow bitcoin up and down for these four year cycles. Will this always be the case? Can LBRY break free of this bubble to bubble system? If LBC does continue the boom bust cycles it is very difficult to imagine how content creators can stay on the platform when their income or revenue streams are literally cut by 98%. Perhaps creators will really have to learn to cash out at the top of the bull cycle then buy back in at the bottom a year later. I suppose LBRY can manipulate the earnings per view and increase the amount of earnings per view in bear markets and decrease them during bull markets. But then this leads to my next concern which is the supply.
2.) LBRY is brurning through the supply faster than I burned through candy on holoween as a kid. They've eaten over half the supply in 4 years. Can this even last another four years with that pace? What happens to the price if all the coins are mined? I would suppose the only thing LBC could potentially do is be stable or go down in value. This would mean LBRY could no longer just mine the coins and give them to creators for views or followers or anything. Now the revenue would have to come from another source. They could create another coin out of thin air and say this will behave exactly like LBC but it's LBC 2.0. Or they could allow the current supply of LBRY coin circulate between content creators and watchers while having other sources of revenue come into the platform which leads me to my next topic.
3.) Ads, I have noticed there are no ads on LBRY and there are also no sponsers. This could bring in a ton of outside capitol into this platform to make the platform viable again. There's unlimited amounts of businesses and coorporations that would love to advertise to millions of people and will pay a heafty price as well. Does LBRY allow these options and if not will they consider it?
4.) Understaffed: It appears LBRY just has a few people working daily to improve the site and the issues people are having. How will they be able to assist content creators equally if this site does indeed blowup to 10 million people during this bull run. How will these people reveive payment for the work they do while keeping up with the demand?
5.) Growth: Now I do see them growing but it appears lBRY does nothing to really promote themselves. I think it was just the fact that youtube become so oppressive that word of mouth was enough to give them some good growth recently. However is that possible to grow consistently with just word of mouth?
These are just things that have crossed my mind for the people that have either been banned or demonitized from youtube and depend on LBRY as one of their sources of income now. Again, I very much enjoy the idea of LBRY and what it stands for but the long term viability has some major questions.
submitted by KingSolomonyoutuber to lbry [link] [comments]

How to trade Bitcoin Future

How to trade Bitcoin Future

Bitcoin is troublesome to use.
But bitcoin’s isue may build it additional valuable.
So, what’ reality regarding bitcoin’s future?
Bitcoin mining may be a senseless waste of energy.
As bitcoin hits mainstream media, the subject of bitcoin mining
bubble regarding to pop.For ten years, the media has enjoyed painting bitcoin as a bubble concerning to pop. They’ve gleefully pronounced the bubble popped and bitcoin dead … over 350 times. However the reality regarding bitcoin is that it keeps coming back back. Why?

Charlie Munger called bitcoin “worthless artificial gold.” Others in the media have likened bitcoin to a bubble, a “tulip mania,” and different strong statements
Each time bitcoin improves itself (like with Segwit
Segregated Witnesses. A protocol implemented by Bitcoin to extend transaction speed. SegWit allows a lot of transactions to be written into a single block on a blockchain.

or the Lightning Network), or will increase in value, the media is keen and ready to jump on it, decrying and denouncing it.
Therefore what’s the reality behind bitcoin’s price -- is it extremely a bubble?
The reality regarding bitcoin is straightforward; it's experiencing the same rise and fall cycles as each new technology and asset catego
The web also experienced a bubble. Shares of dotcom firms rose by a thousandpercent on a daily basis. Then it all tumbled down. However we have a tendency to’re still using the web, aren’t we have a tendency to? More than ever, in fact.

Stocks conjointly experienced big boom and bust cycles, especially in their early days.

We might feel like stocks have been around forever -- and to us they need. However stocks conjointly had a starting, and a rough one too. Once upon a time in 1531, when the first stocks were invented, they saw extraordinary volatility, scams, and no regulation. In fact, before stock exchanges, they were sold at occasional shops -- just like cryptocurrencies were sold on la peer to peer

marketplace, before exchanges came online.
Even property, viewed by the majority as “the safest investment” experienced a dramatic cycle. Business Insider reported that “Between 2006 and 2014, nearly ten million homeowners in America saw the foreclosure sale of their own homes.” And tens of thousands became homeless as a result of of it. Nevertheless --- we have a tendency to’re still living in homes, aren’t we?

The future of bitcoin would possibly be the identical as that of stocks, bonds, assets, and the web. It rises and falls like all the others, and it is currently terribly volatile -- but that’s as a result of it’s young.

Stocks have been around for 400 years. Dotcom corporations for forty years. Bitcoin is solely 10 years previous -- and cryptocurrencies, normally, are even younger. But slowly, they will become a part of our daily lives.

Rich investors are manipulating costs!
Look at this headline from the Independent: “Bitcoin price Crash: 'Manipulative Whales

A very wealthy individual capable of creating massive trades.
View full glossary
' cause Cryptocurrency Market Meltdown!”
It’s sensationalism, pure and straightforward. The article goes on to rant against these therefore-known as “whales” -- individuals who own voluminous dollars of BTC -- as evil-doers who’s solely thought is profit.

This type of sensationalism is meant to harm Bitcoin’s future; to scare people faraway from doing research and thinking for themselves.

Nonetheless, this statement is somewhat true. Up to eighty five% of Bitcoin’s supply is solely owned by onepercent of wallet addresses.

But there’s an important point to be made about these numbers. Most of the prime percentage of wallets is not owned by whales -- but by exchanges

On-line platforms on which people can buy and sell cryptocurrencies.
View full glossary
However their result is getting smaller and smaller.
A company referred to as Chainalysis -- that makes a speciality of analyzing the Bitcoin blockchain

-- found that “the actual threat that all whales pose to the cryptocurrency economy is relatively low. If they sold off their entire holdings, it'd be effectively a $3.9 billion sale at current costs. That’s not even tenpercent of this total market capitalization of Bitcoin.”
This is as a result of, as I hinted above, several of those wallets holding such vast sums are the ‘cold wallets

’ (wallets held offline) belonging to major exchanges like Coinbase, Kraken, Binance, and more. These wallets cannot be used to manipulate the price, diminishing the potential impact of enormous ‘whales’ selling their positions.
Bitcoin is simply too slow for use as a currency.
The reality regarding Bitcoin is that yes, it's slower than VISA, Mastercard, and alternative centralized electronic payment systems.

Paying together with your credit cards takes seconds and the network can handle payments around the globe twenty fouseven. But, though Bitcoin can additionally be used around the world, confirmation

of payment takes an average of 10 minutes; during the bitcoin craze recently 2017, confirmation times might take hours.
Moreover, VISA on average processes around 2,00zero transactions per second (tps). This means the amount of payments individuals make per second on the network. VISA includes a maximum of twenty four,00zero TPS. Bitcoin, by distinction, has a maximum of ten TPS. This argument has been place forward by several critics over the years and picked up by the media as the doom of bitcoin’s future.

However Bitcoin could be a technology that evolves.
Now let’s assume regarding Bitcoin’s past for a moment. The coin and its underlying technology -- the blockchain -- are only ten years previous. When the web was ten years old -- the year was 1989. Do you keep in mind the net in 1989? I sure do.

payments in exchange for not revealing sensitive info. So, in bound ways that, BTC and cryptocurrencies offer hackers a lot of options.
However money continues to be king for every criminality.
Though it’s true that hackers and phishers do typically ask for payment in BTC

There’s an aphorism: “money talks.” It means that that if you would like to get something done -- the best argument you can build is to place down a stack of money. When Bitcoin rose to fame, the primary headlines focused around Bitcoin being the prime choice for criminality.

But Lilita Infante, Special Agent for the DEA (Drug Enforcement Administration) has some contradictory info regarding this. She was one among a ten-person Cyber Investigative Task Force team whose primary aim was the dark web and crypto-related investigations. This cluster is no little force. They collaborate with the Department of Justice, FBI, and also the Bureau of Alcohol, Tobacco, Firearms and Explosives. And she went on the record to talk regarding what share of bitcoin transactions are literally being employed for illegal things; she said that “illegal activity has shrunk to about 10 p.c.”

Only tenp.c of all the transactions on the Bitcoin network could be used for illegal things. Which number is falling.

The fall in Bitcoin’s use among criminals is due to several factors. The most prominent factor is that Bitcoin is no longer anonymous. Sciencemag wrote a full report on how governments are developing and using techniques to explore the Bitcoin blockchain and notice criminals by tracing their bitcoin payments.

Paying with bitcoin isn’t simple.
I’ve heard this argument flow into widely throughout the years. I still hear it from my grandpa each vacation dinner. He didn’t see a Bitcoin checkout option at the grocery when he bought the turkey -- therefore it’ll never be used.

Perhaps Bitcoin is on its means to being such a store of worth. For 10 years now bitcoin has been ready to be saved and retrieved and exchanged -- and it’s worth has only gone up (bumpy but up).

Need to get more cryptocurrencies? Check out our top 5 cryptocurrencies to shop for, whether you’re a beginner or an experienced investor!

Bitcoin is difficult to use.
Bitcoin, like all new technologies, isn't the most user-friendly.

You would like to line up a wallet, bear in mind a seed phrase, and several additional steps. Sending and receiving BTC

payments additionally involves steps of copy/pasting long strings of random letters and numbers. It’s powerful, I hear ya.

I additionally keep in mind all the steps I needed to require to send emails back when those were new. Insert a CD from AOL into my computer. Install AOL. Unplug my phone line. Plug in my Modem. Wait for it to make all those noises and finally connect. Then set up my AOL email and password. It was quite the method.

My grandfather never thought emails would come out and even my mother said folks would perpetually like handwriting letters (and using a physical dictionary for spell check!) and sending through the post.

Think about it the approach we tend to assume about gold. Not everyone has gold. It’s also a bit difficult to own.

If you wish to own gold for its ‘store of price’ properties, you wish to seek out a specialized look to buy investment gold. You need to store it somewhere, sort of a personal safe or a bank vault, and bear in mind the password. This is somewhat troublesome.
Perhaps Bitcoin’s problem will facilitate it retain its value, just like gold
You Might Conjointly Like: The 5 est Bitcoin Sports Betting Sites
submitted by cryptoerapro to u/cryptoerapro [link] [comments]

Bitcoin has given investors 198% gains since June 2017, more gains than any Fortune 500 company in the world

Bitcoin has given investors 198% gains since June 2017, more gains than any Fortune 500 company in the world submitted by Ishan1121 to CryptoCurrency [link] [comments]

Micron Technology (MU) DD

This used to be a memory commodity company that made money hand over fist in the good times then lose money hand over fist in the bad times. Que Sanjay Mehrotra, or papa Sanjay as the cool kids call him. This is a guy who founded Sandisk, turned it into a memory powerhouse then sold it to to Western Digital for 19B. Once he left Sandisk, WD lost market share where Sandisk had once dominated. Coincidence?
So crappy Micron decided to hire Sanjay to steer the headless ship. From May of 2017 when he took over, MU was under $10. 3 years later, it’s at $57. Coincidence?
OK, so enough screwing around. Here’s what you’ve came here for:
The memory trough has finally bottomed. Micron did not lose money. How do I know it has bottomed? Earnings from other tech companies. They have been investing in data centers because the new hot technology is AI. Artificial intelligence require massive CPU, memory, and storage. Magnetic disk is so 1980’s, it’s all about NAND today. Who makes the hottest NAND? Intel and Micron collaborated on 3D XPoint (think Intel Optane). It’s 1000x faster than NAND, last 1000X longer, and 10X as dense. It’s basically not volatile DRAM, something to power the AI revolution.
Oh yeah, Micron just bought out Intel’s share of 3DXPoint for 1.5B. The only manufacturing for 3DXPoint is in… Utah. That’s right, not in China! So now I segue into the Mexican Beer virus. The majority of memory manufacturers are centered in the Wuhan area. The Wuhan area is basically shut down for the foreseeable future. Hmmm… which memory maker makes memory mostly outside China? If you said Micron, you win the prize. They have manufacturing locations in Idaho (you da hoe), Utah, Virginia, Malaysia, Singapore, Taiwan, and Xian China. They have only one location in China, and it’s not even in Wuhan.
FB, Microsoft, Google, all the trillion dollar company are in a datacenter building frenzy, and they need memory and storage. NVDA and AMD are readying Ampere and next gen Navi this summer. Each card is getting a minimum of 8GB. Guess who makes GDDR6? It’s Micron. The last time Micron had blow out earnings it was due to bitcoin miners. But this time, it’s legit demand, straight from the corporate overlords The #1 demand for GPU is no longer games, it’s datacenter and supercomputers for data modeling and AI. The demand is going to go through the roof and the beer virus has made Micron one of the few suppliers with its manufacturing base outside of the Wuhan area with the technology to feed the insatiable demand.
One last piece of data, Micron is no longer a memory only company. They are evolving, and has expanded into proprietary technology. DRAM has steadily went from 75% of their sales to 70%, while NAND went from 21% to 25%, and other is at 5%. What is this 5% you ask? It’s automotive. Think TSLA. These cars basically have a proprietary CPU/GPU board that uses AI to steer the car. Now, what’s the one thing AI needs? Memory. Papa Sanjay has seen ahead and has developed an automotive group. TSLA leads, but Toyota, BMW, and all those other laggards are following right behind. 80 million cars sold annually and they all will need fast memory to power self driving.
Micron is going into growth mode as a tech company by creating propriety solutions with higher margin, no longer just selling commodities. They have even open up a Silicon Valley campus for this purpose. Micron is going into the high margin high growth business, but their PE is still low due to their history of boom and bust business cycle. Since their shares are still so cheap, the company has even set aside $10B from cash flow to buy back shares. Lower share account plus higher price to earnings mean the Micron could be a multi bagger for the foreseeable future.
I thought Summer is when they blow it out, but datacenter build-outs and Corona virus epidemic means everything has moved up a quarter. I expect excellent forward guidance. There’s usually a two week run up to earnings for Micron, but since the market has dumped two days in a row, here’s a chance to buy it cheap 4 weeks before earnings.
TLDR: Buy 4/17 60 or 65 calls if you’re autistic. Why 4/17? It's for the run up afterward. If you have a long term horizon and gay, buy shares. I’m autistic and gay.

edit: David Tepper increased his holdings of MU at the end of last quarter by 2,000,000 shares to 8.1m shares. MU currently make up 11% of his hedge fund holding.
submitted by cyphr0n to wallstreetbets [link] [comments]

Gold standard? Federal Reserve?

Gold standard? End the Federal Reserve?
I'm pretty sure this has been debated before and asked a lot in this forum but pardon me being new here.
I am a history major and have been trying to read as much about economics as I can during my spare time. I'm about finished with Gregory Mankiw's Principles of Macroeconomics and plan to read his Principles of Microeconomics soon enough. I have also read Thomas Sowell's Basic Economics and am about halfway through reading Henry Hazlitt's Economics in One Lesson. I have also recently seen Milton Friedman's Free to Choose and also plan on reading his works, as well as Friedrich Hayek and Frederick Bastiat.
One of the topics I really want to delve into is in regard to the merits of having a Federal Reserve and whether it is more beneficial to go back to a gold standard. I think that there is an economic consensus that the money supply has a great correlation with the level of inflation and the value of the dollar, as the more that is printed, the more worthless the dollar becomes, and the less printed it is, the more worth it becomes. Particularly also, fiat currency tends to be valued only in, so, far, as there is confidence in the financial systems.
For this reason, there seems to be two issues and questions at hand. The first one is if it would be more beneficial to go back to a gold standard? I understand that there are various ways in which this could occur. This could include going back to the physical use of gold as money, pegging the dollar back to gold, or begging it to some other commodity such as Bitcoin. The purpose of any of these approaches is to control the money supply by something that is finite and hence limited in nature.
This seems to solve the problem of controlling the quantity of the dollar. Some have criticized the gold standard due to the overly restricted circulation of currency that has historically led to deflationary, as opposed to inflationary periods, which could be just as devastating as inflationary periods.
The second question and problem concern the Federal Reserve. To what extent is it beneficial to have a Fed? Should the Fed be reconstructed, and or more heavily regulated? Should we outright do away with the Fed? Or should the Fed be kept the way it is? On the one hand, it makes sense in theory to have an institution such as the Fed to help regulate banks, ensuring that things such as bank runs, and or banking disasters are preventing. It also seems sensible in theory to have an institution such as the Fed, which is independent of the government, to help in coordinating monetary policy.
However, in practice, it also seems that the Fed has often been the cause of such disasters such as the Great Depression and the Great Recession by creating boom and bust cycles through arbitrarily changing interest rates, and through its various tactics at influencing monetary policy and controlling the money supply. A similar, yet different issue would be laws passed by the government encouraging risky lending such as forcing financial institutions, whether private or public to give out bad loans to risky people such as those who can't afford to take the loan.
Would it not make more sense to simply let the "invisible hand" (the forces of supply and demand) to allocate the money supply and interest rates? If there is more demand for borrowing this will push interest rates up, as banks and other financial institutions would want to charge higher interests and they would ideally want to be careful as to who they are lending money to. If there is a greater demand for saving than lending, this would push interest rates down as banks would not want to give out as much money in interest and other financial institutions would want to encourage more borrowing.
I would appreciate any resource recommendations whether they be books or other media platforms that you think do a good job at tackling any of these two issues.
submitted by Crazrwire999 to economy [link] [comments]

How to Manage Wealth for Small Retail Clients - Need Advice

Hey, I thought I'd ask. :)
I work in reasonably lucrative career and am surrounded by people that are extremely financially illiterate. The ones that do have a clue, and I mean know that markets even exist have poured their money into whatever the next hype is; bitcoin, worse crypto then bitcoin, weed stocks, now virus vaccine penny stocks, etc. And, lots of the others don’t even have an RRSP, or know what a TFSA and if they do know they don’t understand what to actually do with it.
These careers have extreme cycles of feast and famine and I have seen many people over the years get wrecked during the bust because their money is tied up in financing for stupid shit like 100k trucks, ridiculous priced houses and no savings.
Myself, I have invested my own Margin, TFSA, RRSP for 14 years, lived affordably, have a pretty great lifestyle and have been able to survive all the booms and busts due to pretty much not being an idiot.
As I am pretty level headed and I don’t run around like the sky is falling whenever there is a downturn people naturally look to me for advice. I have given plenty of advice and lessons over the years but it very rarely stops people from continuing on the path they are already on.
I think I can help these people and I think I would be good at it.
What would it take to legally to be able to manage others money? Even to take their money and put it in an index fund for them and help manage their savings and plan for retirement? Can someone outside of being employed by a bank give financial advice and put someone else’s money to work? I would even be willing to get certified to do it and start a small business, but from researching the path it appears very convoluted. How can someone become an independent wealth manager for small retail clients?
**Canadian Oil, btw, most of you prob figured that out**
** I am not looking to start this tomorrow. I am looking to put myself on a path to legitimately start in the future after taking whatever courses and certifications I would need to do this but I am not interested in working at a bank at all**
submitted by dontbeadickplsss to PersonalFinanceCanada [link] [comments]

On Netscape Moments and the Journey to Hawaii

Disclaimer: I'm an online rando, not a licensed financial advisor. DYODD. This is an update to a post from six months ago.
The mood feels frothier than it's been for some time.
Our community has been buoyed by a maelstrom of DeFi activity, progress on Ethereum's economic policies, a path to 2.0 which seems less meandering than ever before and, let's not be shy about this, a few weeks of solidly green cucumbers.
It's lovely, overdue & well-deserved.
Between the memes & generally festive dailies, I like to hit pause, zoom out and offer some reflections on where un-permissioned blockchain--and Ethereum, as the most successful to date implementation thereof--is.
The web took a long time to grow up.
1980 through 1990: Invention, experimentation & backbone. MUDs & BBSs dominated. In 1990, a version of HTML that can be approximately called "usable" becomes available.
1990 through 1994: Early adoption, basic protocols & functionality. The first real web browser, Mosaic, launches. Significant web presence from universities, research institutions and large media entities or businesses. "Online for dummies" portals like AOL, Compuserve & Prodigy become common-place. Bryant Gumbel's infamous "What is Internet, anyway" moment turns out to be a seminal point of inflection for popular perception of web use & the utility of being online.
1994 through 1998: Consolidation, increased adoption, commercialization, disruption. Home & workplace use, ISPs & online purchases all show exponential growth. People joke around water coolers about using AOL trial CDs as coasters. Netscape makes web browsing more intuitive & integrates protocols (http, ftp, gopher, usenet, smtp/pop) into a single program, removing most of the friction involved in casual daily use. "You've got mail" segues from niche nerd activity into pop culture phenom. Edge technologies like peer-to-peer sharing become existential threats to decade-old business models, with significant legal and political implications. Online presence becomes mandatory for most businesses. Future giants like Google, Amazon & Ebay/PayPal explore & expand new ways of monetizing online space.
1998 through 2003: Commoditization, boom & bust cycle. Large proliferation of risky or poorly thought-out ventures, violent subsequent contraction. happens a thousand times over. Teens begin to tune into proto-social media: Friendster, Hotornot, ICQ/Aim, Myspace, Xanga. Popular culture becomes permeated by all things Internet, with signs of exhaustion due to overexposure. Through peaks & valleys, Fortune 100 players, old & new, scramble to firm up their respective beach-heads into cyberspace, praise be upon our once & future prophet, William Gibson.
2003 through 2007: Ubiquity. Internet is now an inextricable part of the desktop experience. Venture capital is in a perpetual arms race to fund "Web 2.0," a more accessible, secure & well-integrated way of experiencing online activity. Network advantages displace also-rans, with Google, Amazon and Facebook increasingly dominating "mind-share." Internationally, online conglomerates graduate into billion-dollar businesses. New business models crop up online. YouTube, 4chan, SomethingAwful, DeviantArt, Tumblr are now foundational growing up experiences for millions of teens.
2007 through present: Ubiquity, cubed. Internet becomes hyper-accessible & necessary to key aspects of contemporary life. Law, medicine, finance and governance become dependent, to a large degree, on online activity. With smart phones available for price points below $30, a significant majority of human beings on the planet can interact with the most powerful & immediate way of accessing information we've ever built on a mass scale. Content consumption and creation explodes. Instant messaging, video-conferencing, geo-location sevices & flexible payment models become trivial aspects of every-day life.
That's three decades for the Internet & its main interface, the web, to reach maturity.
Blockchain was initially parameterized in 1991.
Bitcoin began in 2008.
Ethereum was proposed in 2013.
If we compare blockchain in general & Ethereum in particular to the development and eventual domination of the Internet, we're barely making headway through the second phase: early adoption, basic protocols & functionality.
My first point:
It's early on in the journey.
In some ways, blockchain & Ethereum are like the Internet, in that they represent transformative technologies.
In some ways, blockchain & Ethereum are unlike the Internet.
Thin protocols like http, ftp, email, etc, move data around. Value is captured by entities which acquire data and transact it: Google, Amazon, Ebay, Microsoft, Facebook, Twitter.
Fat protocols like blockchains both move data around AND store it. Value is captured in the protocol itself.
My second point:
Based on objective data such as network use and development activity, Ethereum is the clear front-runner when it comes to public, un-permissioned blockchains.
We remain in the "overestimating early adoption/change" phase of blockchain & cyrpto-currency. Multiple projects in the top 25 by marketcap metric are of dubious technical & financial value. Some exchanges engage in market-distorting practices. Fraudulent "personalities" in the space still command significant attention. There's material risk to involvement in the early stages of any venture, blockchain & Ethereum included.
But: The flip to "overestimating early adoption/change" is "underestimating long term adoption/change."
And here is where I'd like to draw attention to the title of this post:
Netscape moments.
  • On the browser side, Brave has removed most of the complexity in privacy and blockchain-based, fairly distributed incentives. The growth is astounding & shows no sign of relenting. When Bill Burr does ad reads, it's safe to say that we're no longer looking at an obscure or arcane product.
  • On the wallet side, Argent has abstracted, as ethical-trade well put it,"most of the complexity that currently slows down onboarding on Ethereum and defi." Early response seems to have been overwhelming.
Netscape represented a dramatic turning point in Internet & web growth precisely because it consolidated and simplified a large number of complex and powerful technologies.
My third point:
We could be witnessing a number of similar flash-points which will be in retrospect acknowledged as fundamental pivots to parabolic growth--and they're happening on Ethereum.
A summary:
  • It's early on in the journey.
  • Based on objective data such as network use and development activity, Ethereum is the run-away front-runner when it comes to public, un-permissioned blockchains.
  • We seem to be witnessing parabolic growth "Netscape moments," and they're happening on Ethereum.
If 2020 is to crypto what 1994 was to the Internet, we can barely imagine the degree to which the world will run on blockchain in 2030.
If you're reading this, you're part of the 0.001% smart or lucky enough to understand what future is being built on, the same way that my father knew how the Internet will shape these last three decades.
You have a one-in-a-lifetime opportunity. Things like the BTC/ETH ratio & 35% fiat valuation drops or rises represent trivial noise in a broader landscape defined by tectonic realignments in technology, finance and politics.
I have a single question on those who have read this far:
On what kind of a time scale are you a bull on, and what are you doing about it?
I know what my answer is.
I wish all of you, /ethfinance brothers & sisters, good fortune and good health through the promise of these beautiful days to come.
submitted by thrw2534122019 to ethfinance [link] [comments]

Boom Bust - YouTube Boom-Bust Cycles in Pain (aka Persistence Coping) - YouTube Bitcoins market boom-bust cycle by Chris Dunn. Where Next for Bitcoin: Boom or Bust? Bitcoin Becomes a Story of Boom and Bust

Mati Greenspan: No, there’s nothing wrong with Bitcoin. In fact, this boom and bust cycle has repeated itself several times in the last few years. Here’s a graph from that shows the historic price of bitcoin on a logarithmic scale. Log scale charts are great for showing percentage movements. Pay attention to what happened in 2011. The price went from $0.30 to $30 in six ... Bitcoinist has once again caught up with Mati Greenspan, Senior Market Analyst at eToro, the most popular social trading platform in the world with millions of users. Greenspan keeps a close eye on cryptocurrency markets and shares his thoughts on the recent Bitcoin price plunge and why he... New boom and bust cycle to take BTC to $400k. A crypto analyst who called Bitcoin’s dramatic 2019 correction said that the leading crypto is well-positioned for a boom and bust cycle that will bring the coin to $400k. The analyst is known as dave the Wave and you may be aware of the fact that he predicted the start of Bitcoin’s 2019 reversal. On July 11 th back in 2019 when BTC was priced ... JPMorgan: Bitcoin Set for Another Boom and Bust Cycle . Reading Time: 2 minutes by Anthonia Isichei on May 21, 2019 Bitcoin, Investment, News. A recent study by JP Morgan reveals that bitcoin’s recent price pump has caused the coin to surpass its intrinsic value. Per a report on Bloomberg, March 20, 2019, the strategists, however, warn that the BTC price surge echoes 2017’s bull rally ... Bitcoin ‘Boom-Bust Cycle Has Repeated Itself’ – Senior Market Analyst (Interview) June 15, 2018 / in Bitcoin / by Bitcoinist Bitcoinist has once again caught up with Mati Greenspan, Senior Market Analyst at eToro, the most popular social trading platform in the world with millions of users.

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Boom Bust - YouTube

The Boom Bust cycle is as old as Western banking itself. Each day at 4:00 pm EST, Christy Ai, Ben Swann & Brent Jabbour break through the mainstream headline... Blockchain Banking Boom & Big Tech Busts - Duration: 27:04. Boom Bust 7,826 views. 27:04. 109-Year-Old Veteran and His Secrets to Life Will Make You Smile Short Film Showcase - Duration: 12:39. This video is unavailable. Watch Queue Queue. Watch Queue Queue How to short bitcoin and profit when the price dumps: Will it be boom or bust time for bitcoin in September 2018? ... Bitcoin is presenting some good trading opportunities - there is nothing tangible in Bitcoin - it is just being driven by supply and demand. The SEC are scheduled or reject the ETF application for ...