Quote:
Originally Posted by lewdog
Honestly that confused me too.
But I don't know enough about it to figure it out. Care to explain? Maybe I meant crypocurrencies not Bitcoins.....oops.
|
You did.
This thing is still in its infancy, a lot of misinformation out there. There have been scamcoins and shitcoins from the beginning to try to take advantage of uninformed investors. Just because those scams are collapsing doesn’t mean crypto is dead; but that’s the better headline since apparently good journalism is.
Most people in the crypto space didn’t expect that huge spike last year and aren’t concerned about the correction this year as that kind of growth was unsustainable. The majority of naysayers are completely uninformed and take pot shots at something they don’t understand. Bitcoin is fine. Naysayers just want to look at decline from December 17th and not the fact that Bitcoin is worth 3x what it was a year ago. Not a bad ROI.