Post
Topic
Board Speculation
Re: Why do we complain when the market is down?
by
Fatanut
on 26/06/2018, 12:11:19 UTC
In fact, if these people really knew about bitcoin and the blockchain, they would find that bitcoin has been on an upward trend for a long time.
So it's obviously a good idea to hold bitcoin now.
That is right! Those who know bitcoin for a longer time will not be afraid if the price will go down. They know it is just its nature and will just soon go back up or rise even more high.

I don't know about that. In the longest run, the bitcoin market will either crash or have very high value according to Satoshi. In other words, ultimately it's either going to boom or it's either going to die like any other market. I'd like to think that the ultimate end of a bitcoin journey in bitcoin is the moment that he decided or needed to cash out all of his bitcoins. So even if we do keep in mind that the price of bitcoin might be down for now but will come back up in the future, if you needed the funds, this is going the price that you're selling your bitcoins. Not that huge price in the future.

People are complaining when the market is down because they have lost the chance to sell at a higher price. I mean, who would've thought that bitcoin will be priced 6k$ when it was 18k$ before. Those who have held bitcoins when it was at 18k$ sure felt like they were losing, especially those who have rode the pump and bought bitcoin at that high price. On the brighter side of things, a year ago bitcoin was just playing around 3 digits dollars so we're still in a good price here. Nothing to be ungrateful about.