Post
Topic
Board Economics
Re: Bitcoin is Falling...Is it Panic Time?
by
hardforkcoin
on 02/09/2017, 01:12:03 UTC
According to my friend preev.com, as of press time, the value of Bitcoin is standing at $2,351. Though I would say that this still considered as a feat, some are worried because it almost reached $2,800 again after the correction that happened days ago.

I have read that the decline can partly be contributed to newcomers especially neophyte traders who still have to be well-versed on the market...and can easily be ignited to do panic selling once they can fell that anything can be wrong.

Against this backdrop...are you holding on to your Bitcoin or transferring it into another digital currency?

It is interesting to look back on this.

If you had bitcoin when it hard forked, you would have also got the Bitcoin Cash. Just by holding, at current price you have almost 5,000 USD + the current price of Bitcoin Cash of 610 USD.

You would have more than doubled your holding if you sold right now, if you bought in when it was 2,351.