Post
Topic
Board Economics
Re: Bitcoin's price is getting low
by
sapnu
on 02/01/2018, 18:58:38 UTC
I will like you to see it in 3 ways.
1. See it as a correction that was bound to happen anyway, after the huge non stop buying for months now.
2. See it as whales cashing out and some noobs getting scared and selling at losses. (they will get to learn from experience later on)
3. See it as a Christmas gift, if you want to get in at a lesser price because later on, this year or next year, we are coming back at some point to test back the previous top. Some call it black Friday for crypto shopping.

Jokes apart though, there is really nothing to worry about. You are welcome to the volatile world of crypto. It is a bloodbath out there right now and they happen once in a while. It will pass and forget anything else you are hearing.
I think it is because a summary from the 3 reasons above that made this huge down fall. But I wil keep hodling my coins and will se what 2018 brings.
Yes the lrixe is actually getting low as of now but i still believe that the value will rise up again because investors and buyers will not stop to buy. Hence, it was really an opportunity for them to buy because the price is low and then when they bought BTCs the demand is getting higher and the price is also rising up.