Quote from: Seeker01 on June 23, 2017, 12:15:40 AM

This is really a good time to accumulate more bitcoin and hold it for long period of time because i am sure that the price of bitcoin will continue to high and the holders will be the winners.

Fluctuations are great if you understand how to benefit from them, and aren't afraid of buying at the time the price tanks. Most of the people here are so called positive sentiment buyers - they wait for the market to perform well, and if they have gained enough confidence due to the increasing price, they will start with buying. Reality turns out that these people most often end up buying at near top levels, from which the price basically only can correct in the very short term. What happens after that? People panic sell at a loss because they didn't expect the price to go down at all. What happens after that when the price goes up? Right, they buy their coins back at higher levels to regain their position. It's a cycle. Instead of accumulating coins, these people are burning through their holdings.