People I know often say, I'll get into cryptocurrencies after the bubble pops. People look at the graphs and say "markets never go up like that". Let me provide a bit of context for those people.
So the skeptic thinks the buying opportunity will come at 40-50B of market cap, but how does that look in context to other markets?
Note read the following italics comments with heavy sarcasm.
Hmm I guess the buy at amazon is at 400, since it is obviously in a bubble!
I guess Apple, one of the cash richest companies on the planet, is also in a bubble. I'll just wait until it goes back down to under 50, surely all 10 years worth of growth will have to return to the "baseline"
Pfft, that's way overvalued. No one would pay close to $1000 for that. Look at that graph, it only goes up, I'll just wait for the correction, and buy it when it gets back to 2005 levels.
How many of you have heard these arguments or have friends/family members that make these style of arguments when you talk about crypto with them?