Quote:
Originally Posted by Fuzz
I can't buy into the idea that something so new and ever changing is destined to follow a cyclical pattern. There are no shortage of stocks out there with a few repeated peaks, then a long tail downwards.
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I could be wrong (and often am) but isn't Bitcoin designed this way, with a cyclical cycle due to its halving every 4 years. Simple supply and demand?
This current drop was even somewhat predictable due to the overall characteristics of the halving cycle.