Post
Topic
Board Speculation
Re: opinions on downward trend
by
timerland
on 19/01/2018, 09:57:27 UTC
When bitcoin price is going in a downward trend what's the best way to weather the storm?

get out while you still can?

Buy alt coins?

or just wait it out?


Terrible idea to get out right now. It's not like it's just a small drop and you want out before the big one comes in. The big drop has already happened. We have not seen during this bull run bitcoin drop at a single time more than 50% of its peak value and we've seen it this time.

That indicates we're going to continue to go up in terms of price, it's only a matter of time before $15k and $20k are hit.

Think of bitcoin as a long term investment. Don't care too much about short term movement as it will only make an unhealthy habit. Bitcoin won't die, the functionality of the $20k bitcoin is the same as the bitcoin now. Don't panic. Keep holding. That has been proven right every time.