Podcastnewshubb
Advertisement Banner
  • Home
  • Marketing Podcasts
  • Crypto Podcasts
  • Contact
No Result
View All Result
  • Home
  • Marketing Podcasts
  • Crypto Podcasts
  • Contact
No Result
View All Result
Podcastnewshubb
No Result
View All Result
Home Crypto Podcasts

A Lesson in Bitcoin Volatility with Dan McArdle — What Bitcoin Did

admin by admin
October 7, 2022
in Crypto Podcasts


Dan McArdle is co-founder of Messari Crypto and creator of casebitcoin.com. Dan has been in Bitcoin since 2011. In this interview, we discuss the history of Bitcoin cycles and events: Mt. Gox hack, rise of altcoins and stablecoins, Ethereum DAO Hack, and 2017 Bitcoin cycle.

– – – –

Bitcoin is volatile: its history has been dominated by large swings in both directions; albeit, Bitcoin is volatile to the upside: in 10 years it is up well over 500,000%! But, in each cycle, new adopters can be forgiven for thinking they’re in the cycle that finally breaks the pattern. It is easy to question the investment when seeing the value drop by 80% for the first time.

This is where experience is vital. Each cycle has seen events that have had the potential to destroy Bitcoin. Exchange hacks and exploits, the proliferation of competing coins with marketing buzz aimed at attacking Bitcoin, the realisation of altcoin failings, scams, bans, FUD. The most recent has been the UST and Luna crash. Each one destroys confidence and value.

Yet, the one thing the critiques fail to mention is that each of these events has been external to Bitcoin. Each event has highlighted weaknesses in innovations in the ecosystem that has developed around Bitcoin. But Bitcoin has remained secure – the protocol itself has not been hacked. In fact, the “move slow and build things” ethos has strengthened through each event.

This is why long term hodlers who have served one “tour of duty” (a four year Bitcoin cycle) are more inured to Bitcoin’s volatility. They have experienced Bitcoin being declared dead, only to reemerge stronger and more resilient. What hurts you can make you stronger.

To look forward and speculate about the future it is therefore important to look back and see where we’ve been. Many believe Bitcoin is a paradigm shift not just because of ideology, but because the technology has been repeatedly tested and passed. That’s why it is being considered as an emerging global macro asset.



Source link

Previous Post

Bitcoin, Unleashing an Ocean of Energy with Nathaniel Harmon — What Bitcoin Did

Next Post

Why Fiat Drives the Wealth Divide with Avik Roy — What Bitcoin Did

Next Post

Why Fiat Drives the Wealth Divide with Avik Roy — What Bitcoin Did

Recommended

Will Blackrock Be Bitcoin’s Suddenly Moment? With Parker Lewis — What Bitcoin Did

1 month ago

Eurodollar & The Money Printer with Lyn Alden — What Bitcoin Did

1 year ago

Everything You Know About the Economy is Wrong with Jeff Snider — What Bitcoin Did

1 year ago

REWIRED with Carl Marci – Roger Dooley

2 months ago

The Bushido of Bitcoin with Aleks Svetski — What Bitcoin Did

6 months ago

Bitcoin, Unleashing an Ocean of Energy with Nathaniel Harmon — What Bitcoin Did

12 months ago
Podcast-(-White-) (1)

© Podcast News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Marketing Podcasts
  • Crypto Podcasts
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Marketing Podcasts
  • Crypto Podcasts
  • Contact

© 2022 Podcast News Hubb All rights reserved.