Post
Topic
Board Economics
Re: Bitcoin price "drop"
by
laravuemaster
on 11/07/2018, 15:28:31 UTC
I feel like it's my obligation to share my 2 cents on current "steep" drop of bitcoin price. I find it absolutely unbelievable when people say how low the price of btc is, speaking of the price at $10k or $11k. Those who have been in this industry long enough to remember the price of btc to be $5 are just shrugging their shoulders short of words.

What I'm trying to say is that those new community members so called "hypers" should stop spreading fud when price goes down and same goes with price growing. Actually growing price of btc is kind of problem as it's starting to miss its original purpose of cheap quick transactions. We need people focusing on real value of this ecosystem rather than moon kids...

Thanks for hearing me, couldn't help myself

Bitcoins price drop is just fine because it only means that the market is giving different investors the opportunity to hoard more coins since bitcoins price is very expensive before in the past months.