We have been following the cryptocurrency market for quite some time. Those that have read our articles know that we were very bearish cryptos for 2 reasons. (1) The HODL meme reflects a terrible mindset for a trader. Good traders cut their losses or use options to limit them. (2) Price momentum was taking everything down as the speculative fever that gripped speculators had to be reversed. For most people, the wild price gyrations are what caught people's, not the technology. Simultaneously, these wild price gyrations fueled skepticism by those who do not understand how blockchain will change the world. People are longing for a new way to execute financial transactions with greater ease and lower cost. Maybe blockchain is the technology to bring that about, or maybe it is just the predecessor for something else. Time will certainly tell.
