We have heard it all before. The price of Bitcoin is going to crash. It will head back to zero. Yadda. Yadda. Yadda.
The mistake people seem to make when looking at cryptocurrency is they believe everything is in a bubble. This is derived by looking at other markets, ones that are vastly different from digital assets.
What makes Bitcoin and the like so different? The fact that they are digital is very revealing. This puts them under laws that produce results that are widely varied compared to "normal" markets.
The key here is the exponential nature of growth. In the digital realm, growth can take place at a much more rapid rate and to a far greater degree than in the physical world. Expansions is much faster when dealing with bits as opposed to atoms.
This creates an entirely new environment when it comes to crypto pricing. Markets can move in large chunks and not revert back to the norm. The reason for this? A new norm is established due to the exponential growth.
Does this apply to every cryptocurrency? In theory, yes. However, the reality of the situation is that very few cryptocurrencies are experiencing this at the moment. It does bode well for the long term growth of the industry. For the time being, we can probably narrow this down to Bitcoin and Ethereum.
One of the best barometers we have is the number of wallet addresses. Basically, the more wallets, the greater the number of users. Certainly, as we know with social media, an individual can have more than one account (wallet). Nevertheless, when taken as a whole, we can at least see the trend.
We have heard it all before. The price of Bitcoin is going to crash. It will head back to zero. Yadda. Yadda. Yadda.
The mistake people seem to make when looking at cryptocurrency is they believe everything is in a bubble. This is derived by looking at other markets, ones that are vastly different from digital assets.
What makes Bitcoin and the like so different? The fact that they are digital is very revealing. This puts them under laws that produce results that are widely varied compared to "normal" markets.
The key here is the exponential nature of growth. In the digital realm, growth can take place at a much more rapid rate and to a far greater degree than in the physical world. Expansions is much faster when dealing with bits as opposed to atoms.
This creates an entirely new environment when it comes to crypto pricing. Markets can move in large chunks and not revert back to the norm. The reason for this? A new norm is established due to the exponential growth.
Does this apply to every cryptocurrency? In theory, yes. However, the reality of the situation is that very few cryptocurrencies are experiencing this at the moment. It does bode well for the long term growth of the industry. For the time being, we can probably narrow this down to Bitcoin and Ethereum.
One of the best barometers we have is the number of wallet addresses. Basically, the more wallets, the greater the number of users. Certainly, as we know with social media, an individual can have more than one account (wallet). Nevertheless, when taken as a whole, we can at least see the trend.
We have heard it all before. The price of Bitcoin is going to crash. It will head back to zero. Yadda. Yadda. Yadda.
The mistake people seem to make when looking at cryptocurrency is they believe everything is in a bubble. This is derived by looking at other markets, ones that are vastly different from digital assets.
What makes Bitcoin and the like so different? The fact that they are digital is very revealing. This puts them under laws that produce results that are widely varied compared to "normal" markets.
The key here is the exponential nature of growth. In the digital realm, growth can take place at a much more rapid rate and to a far greater degree than in the physical world. Expansions is much faster when dealing with bits as opposed to atoms.
This creates an entirely new environment when it comes to crypto pricing. Markets can move in large chunks and not revert back to the norm. The reason for this? A new norm is established due to the exponential growth.
Does this apply to every cryptocurrency? In theory, yes. However, the reality of the situation is that very few cryptocurrencies are experiencing this at the moment. It does bode well for the long term growth of the industry. For the time being, we can probably narrow this down to Bitcoin and Ethereum.
One of the best barometers we have is the number of wallet addresses. Basically, the more wallets, the greater the number of users. Certainly, as we know with social media, an individual can have more than one account (wallet). Nevertheless, when taken as a whole, we can at least see the trend.
We have heard it all before. The price of Bitcoin is going to crash. It will head back to zero. Yadda. Yadda. Yadda.
The mistake people seem to make when looking at cryptocurrency is they believe everything is in a bubble. This is derived by looking at other markets, ones that are vastly different from digital assets.
What makes Bitcoin and the like so different? The fact that they are digital is very revealing. This puts them under laws that produce results that are widely varied compared to "normal" markets.
The key here is the exponential nature of growth. In the digital realm, growth can take place at a much more rapid rate and to a far greater degree than in the physical world. Expansions is much faster when dealing with bits as opposed to atoms.
This creates an entirely new environment when it comes to crypto pricing. Markets can move in large chunks and not revert back to the norm. The reason for this? A new norm is established due to the exponential growth.
Does this apply to every cryptocurrency? In theory, yes. However, the reality of the situation is that very few cryptocurrencies are experiencing this at the moment. It does bode well for the long term growth of the industry. For the time being, we can probably narrow this down to Bitcoin and Ethereum.
One of the best barometers we have is the number of wallet addresses. Basically, the more wallets, the greater the number of users. Certainly, as we know with social media, an individual can have more than one account (wallet). Nevertheless, when taken as a whole, we can at least see the trend.
We have heard it all before. The price of Bitcoin is going to crash. It will head back to zero. Yadda. Yadda. Yadda.
The mistake people seem to make when looking at cryptocurrency is they believe everything is in a bubble. This is derived by looking at other markets, ones that are vastly different from digital assets.
What makes Bitcoin and the like so different? The fact that they are digital is very revealing. This puts them under laws that produce results that are widely varied compared to "normal" markets.
The key here is the exponential nature of growth. In the digital realm, growth can take place at a much more rapid rate and to a far greater degree than in the physical world. Expansions is much faster when dealing with bits as opposed to atoms.
This creates an entirely new environment when it comes to crypto pricing. Markets can move in large chunks and not revert back to the norm. The reason for this? A new norm is established due to the exponential growth.
Does this apply to every cryptocurrency? In theory, yes. However, the reality of the situation is that very few cryptocurrencies are experiencing this at the moment. It does bode well for the long term growth of the industry. For the time being, we can probably narrow this down to Bitcoin and Ethereum.
One of the best barometers we have is the number of wallet addresses. Basically, the more wallets, the greater the number of users. Certainly, as we know with social media, an individual can have more than one account (wallet). Nevertheless, when taken as a whole, we can at least see the trend.
We have heard it all before. The price of Bitcoin is going to crash. It will head back to zero. Yadda. Yadda. Yadda.
The mistake people seem to make when looking at cryptocurrency is they believe everything is in a bubble. This is derived by looking at other markets, ones that are vastly different from digital assets.
What makes Bitcoin and the like so different? The fact that they are digital is very revealing. This puts them under laws that produce results that are widely varied compared to "normal" markets.
The key here is the exponential nature of growth. In the digital realm, growth can take place at a much more rapid rate and to a far greater degree than in the physical world. Expansions is much faster when dealing with bits as opposed to atoms.
This creates an entirely new environment when it comes to crypto pricing. Markets can move in large chunks and not revert back to the norm. The reason for this? A new norm is established due to the exponential growth.
Does this apply to every cryptocurrency? In theory, yes. However, the reality of the situation is that very few cryptocurrencies are experiencing this at the moment. It does bode well for the long term growth of the industry. For the time being, we can probably narrow this down to Bitcoin and Ethereum.
One of the best barometers we have is the number of wallet addresses. Basically, the more wallets, the greater the number of users. Certainly, as we know with social media, an individual can have more than one account (wallet). Nevertheless, when taken as a whole, we can at least see the trend.