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
It's ok to be scared about this deep dropped of bitcoin price mate, i think the majority of all bitcoin users are also scared on what's happening to its market value. But it's actually a normal scenario, bitcoin price is really has a high volatility that makes it so predictable. But this unique characteristic of bitcoin is one of the most important factor that attracts so many investors to invest with it, because of the possibility of making a huge profit from it. But it takes so much risk, that can be hard for those small time holders to take the risk because of lacking of capital.
The main difference between this drop and the other drops we had before is that this time the world is watching.
The earlier drops years ago nearly nobody noticed. I did not notice. That makes me say that we have a new scenario, and we can not conclud form developements we have seen in the past to developements in the future.
When people say it will bounce back that is a hope which I share, but nothing more.