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RE: How We Can Turn The Crypto Markets Around

in #cryptocurrency6 years ago

The reality is that prices were ahead of themselves late 2017 and early 2018. We are experiencing a reversion to mean which is normal in asset pricing cycles, particularly when it is new, disruptive technology. Amazon and Apple did not stop innovating when the dotcom bubble popped and blasted their valuations. Today they are the most valuable companies in the world. Netflix, Facebook and Google were all born AFTER the bubble given the continued innovation in the internet technology after the devaluations. We are still early in the cycle for blockchain which will revolutionize industries all over the world in the coming years. Patience is an important trait for committed investors in any innovative industry.