Post
Topic
Board Economics
Re: Is fall of bitcoin from 16k$ good for bitcoin and alt-crypto?
by
lordquanta
on 28/03/2018, 09:12:56 UTC
Within a year and half, bitcoin value soared from ~$1000 to the staggering $16000 dollars. Everywhere around the world, bitcoin became the buzzword. After touching 16000 USD value, bitcoin value faltered
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From this decline there has to be added value for new investors and old investors who are already willing to hold their coins up to now, where this opportunity for new investors to buy as much coins as possible, for me no one harmed for the old investor no longer need to buy coins when they have a lot of coins they buy, it's okay for current price reductions this is not a problem because you can buy more coins, and a great chance will come that the number of new investors who can raise the price back as before may be greater, I can benefit all users.

Well it can also be considered as a lesson for would be investors to avoid getting into something because of hype. You have to be prepared with both knowledge and emotional toughness. Crypto's fluctuations aren't for the weak of heart and sadly, many people learned this the hard way
What you said is very true. And it applies not only to the crypto but in general to every investment. That is investment in the real estate, stock market, commodity, new and upcoming projects. Also it applies to the start ups.
People who finding crypto as investment only and not as currency will get hurt if they think bitcoin is a magic bean which will keep on growing in value indefinitely. We need to be realistic and accept that bitcoin or any other crypto have there own rightful value and wont keep on growing in positive note. Expect the fall after rise and also rise after fall.