I am surprised by people who pay attention only to the price, think about the supply and demand, are now trying to sell their bitcoins. You need to understand that this is a new technology that changes the world, this makes the world more honest and fair. Do you really like the current banking system, when some simply print money, while others work tirelessly on food and clothing?
Look at the specific coin from its utility to society, the uniqueness of its technologies, what problem it will solve. And supply and demand are short-term phenomena that can be very deceptive in a certain period of time and do not reflect the real value of a particular currency. Think about the improvement of the world in the future and what bitcoin and its technology can do for it, and not about how to buy cheaper and sell more. This as a result will make you financially independent.
I wait for criticism on my thoughts!
Look at the specific coin from its utility to society, the uniqueness of its technologies, what problem it will solve. And supply and demand are short-term phenomena that can be very deceptive in a certain period of time and do not reflect the real value of a particular currency. Think about the improvement of the world in the future and what bitcoin and its technology can do for it, and not about how to buy cheaper and sell more. This as a result will make you financially independent.
I wait for criticism on my thoughts!
it can't be helped, peoples want to make incomes from bitcoin price. They buy at low, and sell at high.
You are right about it, existing banking system could be replaced in the future by bitcoin and cryptocurrency.
cryptocurrency and blockchain will used globally in the future i believe.
People involved with bitcoin investment usually do their monitoring on the price first where they wanted to know the actual situation of the current value either be uptrend or downtrend. People with simple knowledge about bitcoin don't really check about supply and demand however, their concern is just to check if bitcoin is progressing or not and if they feel the increase can make a profit, then they will have to sell it.