Quote from: MiF on February 24, 2018, 09:05:17 PM

Quote from: John Langut on February 24, 2018, 08:51:34 PM

What you're seeing is people selling Bitcoin because of the uncertainty in the next days. On Monday there's a discussion about the regulation of virtual currencies in Europe. And in March there's the G20 in Argentina talking about global crypto regulation.

People are always afraid of the unknown, most of them maybe lack of experience, dropping of price may occur if everyone sell their bitcoin because of those fear with the unknown outcome from some other issue behind the line of crypto currency. I think we only net to set and wait for the next update we don't have to sell quickly maybe we are contributing such huge dump if we do selling this time.

I don't think it's a lack of experience, more like the opposite.

"Rule No.1: Never lose money.

Rule No. 2: Don't forget rule No.1".

- Warren Buffet

Kind of vague, but the gist is you shouldn't focus on the potential upside but on the potential downside. Now we have some very big events coming up that can rock the Bitcoin boat. The smartest thing to do is to get out of the market to avoid the gamble.