I took one step back this weekend and I spend some time, thinking of the reasons why we should not panic about the drop in the Bitcoin price and this is what I came up with, :
1. The Bitcoin demand is still very strong and a lot of Merchants are still accepting it as a payment option. < I see more shops in my local area that started to accept Bitcoin >
2. Bitcoin ATM installations are on the increase. < Also in Africa >
3. Institutional capital has not even entered the market yet.
4. The Lightning Network has not even been fully implemented yet.
5. We are much stronger than we were last year.
6. Facebook has reversed their decision to ban Crypto currency advertisements.
7. Governments are not banning ICOs, but rather regulating it.
8. Most long-term investors are still optimistic about the future of Crypto currencies.
9. The Fiat system and the world economy is still struggling, so it is not just Crypto currencies.
10. We still see companies pushing innovation, by introducing new Apps & Games that supports Bitcoin.
So, looking at the list above, why should we panic? If you can think of more reasons why we should not panic, please post them here and I will add them to the list.
Let's focus on the positive things and forget about the dropping price. < Most of that is manipulation >
1. The Bitcoin demand is still very strong and a lot of Merchants are still accepting it as a payment option. < I see more shops in my local area that started to accept Bitcoin >
2. Bitcoin ATM installations are on the increase. < Also in Africa >
3. Institutional capital has not even entered the market yet.
4. The Lightning Network has not even been fully implemented yet.
5. We are much stronger than we were last year.
6. Facebook has reversed their decision to ban Crypto currency advertisements.
7. Governments are not banning ICOs, but rather regulating it.
8. Most long-term investors are still optimistic about the future of Crypto currencies.
9. The Fiat system and the world economy is still struggling, so it is not just Crypto currencies.
10. We still see companies pushing innovation, by introducing new Apps & Games that supports Bitcoin.
So, looking at the list above, why should we panic? If you can think of more reasons why we should not panic, please post them here and I will add them to the list.
Let's focus on the positive things and forget about the dropping price. < Most of that is manipulation >
As for me, now the market is declining only due to artificial pressure in the media. I think that someone wants to earn a lot on this. When the right people are stingy enough at low prices, the market will manifest itself as a spring