Quote from: Joriecoinbit on December 20, 2017, 11:16:47 AM

Quote from: wjchong on December 20, 2017, 10:59:27 AM

I have put in all my investments into bitcoin. Although the price has dropped recently, i am not worried at all. I am sure it will go up again

There's nothing to worry if bitcoin's price may drop now coz it will just recover after a week/s and it's a right decision to invest your money in bitcoin.

How do you know it will always recover? Yeah, it usually does, but there's always the worry of that one time it doesn't. If a bubble does happen as many people are panicking or worrying about bitcoin could easily drop by several thousands and it will have a knock on effect as more and more people start to panic and get out as fast as they can and dump their coins. Bitcoin has already lost a few thousand in value in the space of about a week and it could continue to lose much more. I believe bitcoin can bounce back but like I just said, there's always that time it doesn't or it takes all year to recover like what we saw when bitcoin fell from 1k to a mere few hundred dollars and took quite some time to get back to where it was. This can always happen again and bitcoin is never going to be a sure thing.