Even those are often made worse by meddling.
Sure slower and faster economic periods exist. 80% crash like clockwork isn't sustainable to build a global economy around.
Yeah, you can no true Scotsman all day. At some point what we all think of as a bitcoin bear has to end or we will fail.
I don't see why it has to end? Did oil fail? Look at the past 80 years in oil prices. It looks like Bitcoin, 😂
Oil didn't have alternatives that 90+% of people think work better to overthrow during that time.
Sorry, I'm not sure I follow. What does an alternative have to do with anything? There is no alternative to Bitcoin, nor oil, so I'm confused.
If not oil, Then look at copper, or gold, or silicone, or any currency against another. Look at stocks and indexes and funds, and so forth. There are always bear markets. Sometimes supply and demand of a good, products, money supply, or even new supply, etc ..
Captured market which Bitcoin doesn't have. Far easier to use dollars than to give up oil even today.
All of those numbers are markets manipulated by subsidies measured against a ruler that keeps changing length.
There really is nothing like Bitcoin. It should in theory behave like a measure of total human productivity, but that means different movements against different products just like steaks went up while TVs went down against the dollar.
Perhaps in 100 years, but certainly not in my lifetime.
