Crypto Crash Ushers New Epoch & Fresh Opportunities
Anyone familiar with the technology cycle will be amazed at the speed with which blockchain and cryptocurrencies evolve.
The post Crypto Crash Ushers New Epoch & Fresh Opportunities appeared first on LUXUO.
Image: Jeremy Bezanger
October 29, 1969, UCLA student Charley Kline attempted to do the impossible at the time ? transmit the text ?login? to a computer 350 miles away at the Stanford Research Institute over the first link on the ARPANET, the precursor to the modern internet.
After the letters ?L? and ?O? were sent, the ARPANET crashed, making the first ever message sent over the internet ?LO.?
Which may be exactly how cryptocurrency investors are feeling at the moment, given the ?abysmal? state of the markets.
Yes, that?s right, ?abysmal? was the term being bandied about in some relatively newish cryptocurrency circles in cities from Miami to Singapore.
But zoom out of our current epoch and even when you read this piece, I dare say that Bitcoin is likely to be worth substantially more than whatever it was as recently as 2017 (let?s hope this paragraph ages well).
Because one investor?s ?LO? is another investor?s high, the most recent rush to cash in on the apparently boundless opportunity of cryptocurrencies has been marred by Bitcoin trading at almost half of its most recent all-time-high.
And yet that may be an altogether good thing.
READ MORE: Market Insights: US Stocks Are In For A Bumpy Ride This 2022
Cheap as Chips
Image: Art Rac...
The post Crypto Crash Ushers New Epoch & Fresh Opportunities appeared first on LUXUO.
Image: Jeremy Bezanger
October 29, 1969, UCLA student Charley Kline attempted to do the impossible at the time ? transmit the text ?login? to a computer 350 miles away at the Stanford Research Institute over the first link on the ARPANET, the precursor to the modern internet.
After the letters ?L? and ?O? were sent, the ARPANET crashed, making the first ever message sent over the internet ?LO.?
Which may be exactly how cryptocurrency investors are feeling at the moment, given the ?abysmal? state of the markets.
Yes, that?s right, ?abysmal? was the term being bandied about in some relatively newish cryptocurrency circles in cities from Miami to Singapore.
But zoom out of our current epoch and even when you read this piece, I dare say that Bitcoin is likely to be worth substantially more than whatever it was as recently as 2017 (let?s hope this paragraph ages well).
Because one investor?s ?LO? is another investor?s high, the most recent rush to cash in on the apparently boundless opportunity of cryptocurrencies has been marred by Bitcoin trading at almost half of its most recent all-time-high.
And yet that may be an altogether good thing.
READ MORE: Market Insights: US Stocks Are In For A Bumpy Ride This 2022
Cheap as Chips
Image: Art Rac...
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