Quote from: BitHodler on April 15, 2018, 12:55:35 PM

Quote from: cheezcarls on April 14, 2018, 01:57:13 AM

Imagine from $15,000 down to $5,700, then trading between $6,500 to $7,200 in the past few weeks before it goes back up again between $7,800 to $8,100.

That's the nature of this market. If people have the balls to enter the market at $15,000 levels, then they should also have the balls to keep hodling through the correction. It's pointless to expect anything different at peak levels.

Supply and demand has different phases, and especially in case of a strong bull run going on, you know that the price is almost guaranteed to fall back down to levels significantly below the highest point.

Common sense should be enough in this case to understand the effects of hype demand and the adjustment back to regular (much lower) demand. The difference between the two is immense as we have seen.

Well then, common sense must be not so common anymore since there are many who don't understand the effect of the hype and the correction we experienced after. There are many who lost faith and sold their btc after seeing the price go down, and most are the early investors who jumped in the hype. There are even those who attempted to spread negativity and FUD such as saying that BTC is about to die or completely lose it's value. Unfortunately, not many understand this nor do they have the guts to stay and hodl.