In my time on BCT my opinion is that the negativity towards bitcoin is at an ATH.
The amount of threads spreading FUD and negativity are growing the longer
bitcoin fails to deliver the great expectations of some people.
It seems to me that the fact bitcoin reached $20k there are people acting like
spoiled children who demand their wants immediately and so are willing to throw
the toy out or smash the sand castle because their wills are not met now.
There are times when we need to visit the whitepaper to realise what it was all
invented for and to have patience.
https://bitcoin.org/bitcoin.pdfBitcoin isn't designed to make people rich overnight. The gains that bitcoin has made is merely a byproduct of the fact that adoption has been increasing drastically over the past few years.
And from a purely trading point of view, there is simply no chance that bitcoin is going to continue to go up consistently over a period of time. That's completely illogical. Cycles are going to happen, and right now, it just happens that we're in the bear phase of the cycle.
I actually see a lot of people panic selling right now as a result of the decreased prices, which doesn't make any sense. If you truly believe in what bitcoin can bring as well as its potential in the future, then you shouldn't even be this concerned about the short term price movements, unless you're looking to accumulate.