Post
Topic
Board Trading Discussion
Re: Big gains come with big losses
by
wuvdoll
on 02/04/2018, 04:46:58 UTC
But some peoples still have an concept if bitcoin will be always going up.
They just looking from developing of Bitcoin, when Bitcoin increased untill more than $20K.
And I have seen many article about Bitcoin prediction, and the prediction also says Bitcoin will be always going up.
At this side, many people says if Bitcoin is good for our future, Recommended, Useful and etc

But after this situation, when Bitcoin price dropped so far. Many people says if Bitcoin Bad, Illegal, isn't worth anymore and etc.

I think they should be built their loyalty with Bitcoin. I hope they will learn more about the situation like at this time.
Because so many thing will be influence Crypto price and we never know how it later.
Nothing keeps going up and at a point that will never come down at another point, most especially when it is just too good to be true. Nothing drove the value of bitcoin last year except speculations and without nothing to show for it and real life adoption and not based on just speculations, things like this are always bound to happen. Moreover, it is normal in every speculative market, so for now, we just have to get used to it like the OP said.

As long as people keep getting greedy, all these will never stop and that is the main reason why the whales are taking advantage of this a lot. If people understand that real life usage and a normal system of growth is what could end up being sustained and not just some unnecessary FOMO rise, then they will understand better what is going on.