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by shadowgovt 1265 days ago
BTC hasn't been around long enough for it to have a past history to be evidence against the belief it will downtrend. Not relative to other currencies or commodities.

That's like putting a match to gunpowder and claiming based on the trend of the first few microseconds, the flame will engulf the world.

1 comments

Bitcoin doesn't raise exponentially. It slows down over time. Each swing cycle is shallower than previous one.

It's more like putting a match to a gunpowder and theorizing that at some point some equilibrium will be reached at greater volume than currently observed.