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    Author Topic: The general public still doesn't understand Bitcoin is still growing  (Read 823 times)
    Cryptomultiplier
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    January 02, 2024, 09:44:51 AM
     #41

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    At the bookstore today I saw some book about the rise and fall of crypto. On the front cover it was saying crypto went mainstream in 2021 and then collapsed in 2022 culminating in the FTX collapse. The book was definitely partially about the FTX collapse, but it also referred to the entire market as having collapsed, hence the "Fall" part of rise and fall. The final sentence on the front cover mentioned something about the collective delusion that led to this rise and fall of the $3 trillion market.

    Would you mind sharing with us more info about the book and the author? Why do you want to keep the book name and the author name a secret? I can assume that this book was written back in 2022 and it's currently outdated. A lot of crypto haters are making the mistake of linking the crypto price drops with the doom of the entire crypto market. They also make the mistake of thinking that the collapse of a big crypto exchange would lead to the collapse of the entire cryptocurrency market. It's like thinking that the e-commerce industry is going to collapse just because Amazon or eBay go bankrupt. Total nonsense, if you ask me.
    Anyway, the haters gonna hate, no matter what. Grin
    For the fact that the decentralized network houses many other cryptocurrencies is reason enough why the failure of one will make the others perform even better, because the truth is that cryptocurrencies are currencies of the future  and right now, the competition to be top and number one among others is what make investors have more money.
    The price increase of BTC to almost 43k now, makes it have more value and make it become an over priced asset in the market now, mostly for those who don't understand how to use it or make profit from it.

    Overlooking the halving, there is much anticipated growth with new user potential and legal adoption as a currency for transactions and payments.
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