Quote from: r01k on February 06, 2018, 03:23:26 AM

Quote from: Peter R on February 06, 2018, 03:19:43 AM

Finally some carnage. This is starting to look like a "real bitcoin crash"^TM. But don't worry; this is not the end of Bitcoin. Even if we fall to $3,000, this is not the end. Bitcoin has survived 3 previous crashes of magnitudes 15x, 5x, and 6x; this crash has cut the price by a factor of only 3x -- tame in comparison.

Bitcoin is a virus. The reason we won't fall back to where we came from at $1,000 is because we've infected so many new people -- our base of "hodlers" in now larger than ever. Also remember that bitcoin has just received more global attention than at any other time in history. We now have another opportunity to get some real work done on adoption, usage and on-boarding new people, as we build a pad for the next launch.

I think Bitcoin is destined to become a global peer-to-peer electronic cash system that will change the world as we know it in many ways. Do what you need to do, but don't lose hope.

I agree. Cryptos are here to stay. HODL and enjoy the ride.

I agree and I would like to add that the base of "hodlers" will only continue to grow. We are getting closer and closer to adoption. If we look at the adoption life cycle and judging by the kinds of people who have gotten into crypto recently, I think we are passed the early adopters and are now at the early majority stage.

On different note I would like to add, we all hope that the price of Bitcoin rises and we become more wealthier than we currently are, but to become more wealthier we need to endure some hardships first. This is one of them. You cannot get rich quickly unless you win the lottery and most people blow their winnings within a few years. It is better for your own self worthiness that you earn this opportunity, by
enduring the hardship that way you feel more rewarded when Bitcoin rises again.

Think about it this way, future generations will be using this kind of technology, but far more advanced than it is now. They will take Bitcoin and blockchain for granted, just like most kids today take the internet or mobile cellphones for granted.

Think longterm not shortterm.