Quote from: pooya87 on August 03, 2018, 03:33:20 AM

Quote from: DeimunHailstrom on August 03, 2018, 12:52:29 AM

More and more people are being curious about how the extent of bitcoin can further lengthen their way of living into luxury and glamour, which is actually making it famous right now.

this is not exactly true though!
there are times in bitcoin history that the price is rising fast like last year that brings in people who thing they can become rich and have "luxurious" lives with bitcoin but that never lasts long. only those who understand how bitcoin works stick around and those others will go away as soon as the drops begin. and right now with all the drops we have had a cleaner market void of weak hands wanting to become rich overnight.

The problem with this strategy that says "sell when you see Bitcoin the national television most famous programs" is that sometimes they start talking about it only at the first third of the bubble formation.

For instance, I saw Bitcoin being talked about since it pumped to $3000+. A lot of people sold there, thinking that it was already peaking, since we were more than doubling the latest ATH of $1200. Of course, little did they know that the peak was going to be $20k.

And guess what happened during that $3000 to $20k period, it was on the news a lot.

So yeah, just because you see it in the news, it may just mean the bubble started, and now all these people that sold at $3k hate themselves and just dream of getting back at that price again.