People who are bullish on crypto: why are you bullish on it? Do you think it will achieve mass adoption and fiat currencies will collapse? What do you see as the value proposition behind it?

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I am bullish on the underlying technology behind these crypto projects. It’s less about how the coins trade daily but more about what practical use cases these technologies have, what real world problems they address. And they address critical ones, such as supply chain transparency, payment processing, cloud data storage, decentralized databases, automatically executable contracts, etc. Fiat needs not to collapse for these technologies to reach mass adoption.

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And of course it is speculative. That’s why people recommend no more than 5-10% of your invested portfolio in crypto. It’s no different from investing in companies doing AI, robots through stocks though.

Cardano FTW!

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🚀🚀🌙🌙🌌🌌🤌🏼🤌🏼🤌🏼

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The metaverse / crypto+NFT video game space is a sleeping giant.

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There is no real value in crypto. It’s all just speculation 😂

This is just class of 21 bull market speak. Enjoy it while it lasts. “Look at the long term charts” says everyone in a bull market when coins at or near highs.

Long term charts aren’t as conclusive in the bear markets when coins are 70-95% off highs. And especially IF that happens now; after this level of insane renewed confidence from everyone, just wait for the fallout.

I agree with you about the long term potential as do a lot of people, but folks need to stop with the “can’t lose/no risk over the long term” attitudes. They’re simply not true and going to lead to an epic shift in the other direction if and when assumptions are proven false.

It’s growing organically in different pockets and it will expand. It will start with subgroups within technology sectors such as fintech and gaming as well as in countries with unstable fiat currency. It will keep improving and there’s enough interest to keep this going for a very long time.

It is growing and gaining mass adoption, despite all the booms and busts and literal mania it inspires. Do you not see BTC at atms and everywhere else now? I do. But I also notice some manic people are even using this thread to shill their shitcoins. These people will all disappear in the next bear market.

But i do believe that crypto has been at critical mass for a long time now - it’s not going to disappear and its only probable long term direction is up.

That said, everyone is still learning every day about how the markets work, how to value these new assets, etc. Will BTC always lead and will coins always move together (even dead coins)? Will people always be driven in or out by speculation and desire to find the next BTC? If you can earn yield and use your tokens to do useful things than maybe there is a reason to hold beyond community frenzies. But who knows.

So many variables, probably just easier to look at the adoption curve and log curves and accept there are so so so many unknowns and literal idiots and crazy people in the space during bull market years, but despite all that, it inevitably grows higher.

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