(I dont own any bitcoin and believe the world would be a better place without cryptocurrencies)
the 'four year cycle' is perhaps moreso the 'US presidential cycle'.
But as they say, past history is no indication of future performance.
Current economic conditions are anything but "normal" by recent historical standards. A good indication of this is the fact that "real gold" has risen just as dramatically and at the same time as "digital gold" has fallen.
jqpabc123•59m ago
Real gold bullion has now been fully "digitized". You can buy and hold real bullion without taking delivery, without transactions fees and without dealing with tbe schenanigans of unregulated markets and manipulators.
Over the past year of unprecedented marketplace turmoil and upheaval, "real gold" has risen just as dramatically as "digital gold" has fallen.
Only one myth left standing in the way of bitcoin's total demise --- the idea that PoW is a reasonable and effective basis for financial markets/transactions. Are you willing to put real money on it?
seydor•21m ago