Quote from: talyah0116 on August 10, 2018, 12:31:46 PM

Quote from: chloevo on August 10, 2018, 12:24:35 PM

Anybody who takes a loss with bitcoin is an impatient chump with baby hands. The longest anyone has ever had to hold bitcoin to see profit is 3 years. That isnt a very long time in the world of investing to have to wait.

To be fair 3 years is a long time for people who jumped in with all their cash... people who didn't read the f***ing manual!

But your right... it isn't a long time to hold but the reason it drops so suddenly and quickly is partially due to panic sells by people who dumped everything in.

They want a fast profit and that's what bitcoin do for last year and now, it is too long to jump and they did not want it so they decide to find another way and that's why the bitcoin doesn't recover because they affected by the price. When the price gonna recover, it always pump then dump again because when there are a holder, they sell their money for profit. This is the cycle of bitcoin and it is true that you can gain your profit but not now.