RE: Just Another Typical Day in the Crypto Markets
Asking yourself why investors won't pay attention to your beloved invisible asset whilst BTC, with it's old ass technology and slow network, still attracts preferential treatment.
I think we all have to admit that we've gotten ahead of ourselves. Even though Bitcoin is boring to us it is still the absolute foundation of crypto. It is the onramp and gateway to all the new money.
The things that make Bitcoin boring to us (slow and inability to change) are seen as features to the new money entering the space. In a violent sea of volatility and uncertainty, people want as much stability as they can get. Bitcoin is the best product in that regard.
My experience with trading is that we tend to cave into our base emotions and make the worst decisions at the worst times. Best to just ride it out and stay positive.
Spot on, my friend! It's so easy to lose sight of this glaring truth, no matter how hard it is too bear after the fact. I'm doing my best to curb those emotions (my worst enemy in all this). Ain't easy though...
Yeah I was actually watching this Andreas Antonopoulos video the other day that spells it out pretty clearly: the immutable foundation that Bitcoin brings to the space lays a solid foundation for every other project to thrive.