It charges forward with a few pit stops to offload profit-takers.

During bullrun: Buyers ecstatic. FOMO kicks in. Critics drowned out.
During bear market: Critics on speakers, shouting from the rooftops. Buyers on suicide-watch.

Bitcoin has been analysed by experts from the traditional financial markets, hyped and ridiculed in equal measure by enthusiasts and naysayers. It has made money for some, made others bankrupt. It has been declared dead over 300 times, and has bounced back. Each. Single. Time.

Here are the facts:
• Those giving numerical predictions of the price in a specific time CANNOT BE SURE. I don't wholly agree with this point. You should spare some time to research on Elliott Waves. And I agree with the disclaimer: the forecasts are not certain but Elliott Waves give you better odds and an objective way to see the market
• Bitcoin is NOT a ponzi. That’s just a lazy dismissal of one of the greatest innovations of this century. Wholly agree. And you will realize people flipflop on their opinions about bitcoin based on where the price level is.When in a bull run they embrace it. in a bear market they flog it;
• Bitcoin is here to stay. In fact it’s helping citizens in countries where their governments are decimating their currencies, and mainstream adoption is growing. Some states have even begun allowing taxes to be paid in the same. Other governments are pushing to make their countries crypto-friendly. More and more R&D is going into making it a useful tool for the masses. You cannot roll it back, or wish it away. Quite true. The blockchain is a major advancement

NB- This is specifically about bitcoin. Not the hundreds of other cryptocurrencies popping up everywhere.

There are those who believe in the promise that the decentralized currency holdsThis point is quite important - decentralized currency. It is a major basis for blockchain. The attractiveness of blockchain is that the currency based off it cannot be manipulated. This is also the reason why most governemt would not willingly adopt it - they want a currency that they have control over, a near impossibility with bitcoin(blockchain). And this point is also why I am bored with some fake enthusiasts who make noise asking for government regulation of bitcoin. Bitcoin is supposed to be independent of government, how then would a rational bitcoin enthusiast ask for regulation unles they completely misunderstand the very reason for blockchain. The people pushing for regulation are fakes and yes I know they will attack me on this but this is a point that must be made clear. What the governemnt can do is to adopt bitcoin but it cannot regulate something it has no control over! . There are those looking to make a quick buck from the price fluctuations. It’s a regulatory grey area. Gamblers. Swindlers. A whole mashup. But mark this: Bitcoin is not going to simply fade away because of the risks. Not when it holds so much promise.

So you can choose to board, or watch from the sidelines. But remember: by the time it’s checking all boxes on safety, being easy to use, and reaching global adoption, it won’t be where it is today.

cc. Every technological advancement that has ever changed the world, but was initially deemed impractical.