Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
fullypak
on 09/05/2017, 17:03:15 UTC
Price really matters for those investors who bought some bitcoin at a high price, and faced with a bubble. That people will be very disappointed that they will have sell at a low, or wait few years till price recover or increase.
Bitcoin is not a get rich quick scheme and those investors which doesn't understand this basic thing always loose money in bitcoin world due to panic selling as they think that the price is dipping and it's better to have less money than no money and they sell their bitcoins in a bearish market.
Panic selling is human nature, and we can't stop this. What you said is correct it's better to have less money than no money. All people mindset is like this. No one will ready to lose their money. If you have patience and market knowledge then you will not get panic you will wait for the right to sell your coins.