Quote from: franky1 on May 28, 2018, 08:24:10 PM

all that really matters when it comes to the price that people should ever care about. is not the 10 minute fluke events of ATH..
but simply this:

2016 bitcoin never dropped below $300
2017 bitcoin never dropped below $900
2018 bitcoin hasnt dropped below $6000

once you grasp that mindset. people can learnt to chill

Correct, those numbers speak for themselves. I wonder if this time next
year they will look something like this?

2016 bitcoin never dropped below $300
2017 bitcoin never dropped below $900
2018 bitcoin hasnt dropped below $6000
2019 Bitcoin hasnt dropped below $12000

Quote from: NeuroticFish on May 28, 2018, 08:38:37 PM

Quote from: aoluain on May 28, 2018, 08:15:05 PM

It seems to me that the fact bitcoin reached $20k there are people acting like
spoiled children who demand their wants immediately

A lot of young people, many not educated enough in what crypto market means, were caught by FOMO and bought Bitcoin.
Many of those have lost money (actually they'll lose money only if they sell) or at least have found their dreams for getting Lambo in a month shattered.
And now they are lost and crying.

A lot of young people are paid to cry in various ways to give the impression that everything went wrong and people have to sell - or buy - depending on what the master of puppets demands. It's market manipulation.

The result is that many are acting bad indeed, but that's only a minority imho. A vocal one, clearly, still a minority.

For a lot of people in December 2017 it was all looking a bit too easy, there just
was not going to be an end to the crypto climb and the key is the loss will be
actual if those expensive bitcoin are sold.

I fear though that a lot may have been bought on credit.