Quote from: V1saya on June 26, 2018, 03:30:30 PM

Quote from: mjglqw on June 26, 2018, 03:25:02 PM

I sure damn wish bitcoin's price is higher, but the price drop didn't really cause any "damage".

Why do I hold bitcoin? Because I'm bullish on it long term, and I know the risks(volatility, etc) I'm going to get in to when investing in bitcoin. The drop right now is irrelevant if you think bitcoin is going to be higher in price long-term. It's just more of a slight inconvenience than "damage".

Exactly. It is just difficult especially on new comers to see their portfolio bleeding a lot that many of them considered selling at huge losses. This is the problem with people that are unprepared mentally and financially. I also heard some people that are new into crypto but risked too much money that they cannot actually afford to lose.

This generally what happens when people just simply FOMO in and buy in just because of the hype, without any knowledge whatsoever on what they're trying to get in to. I couldn't even count how many people were asking me on how to invest in bitcoin last late December.