OK, I'll cut straight to it. I see all these people saying "Yeah it will be fine" and "it always bounces back".. etc etc..
But ARE these people just saying it with hope or actual knowledge?
Are the banks and big hedgers truly suppressing in order to scoop up more BTC cheaply?
As far as I knew from last week (or so the news went) Saudi Arabia was going to be highly involved in btc and I presumed the price would boom again. I love BTC and I love anything to do with crypto, but I'm truly scared and anyone that says they're not I think are either just trying to keep a straight/strong face, and are basically all as scared as me.. (well I hope they are, as this shit is getting serious).
I'd love to hear some truth and real thoughts.
Cheers'
Paul
Nobody really knows what they're talking about when it comes to the speculation on the price and it's always wishful thinking and people are incredibly biased. Sure, bitcoin has always bounced back previously but there can and likely always will be that one time when it doesn't. Bitcoin probably has many years of ups and downs and the value will probably be worth much more and much less than what it is today at some point, but nobody can guarantee you it will ever get back to anywhere near the all time high or even surpass it. If you believe in bitcoin and can see the potential then just keep holding but if you're worried or sceptical about its future then don't put all your eggs in one basket and only risk what you can afford to lose, but always remember that nothing at all is ever guaranteed.