Post
Topic
Board Bitcoin Discussion
Re: My sweet and bitter experience about bitcoin
by
BartS
on 23/08/2018, 16:36:55 UTC
I have also lost a bit, but im cleverer now. In 2016 i invested some money in bitcoin, I would rather not give the actual amount here. As everyone else I was happy to see that the market was growing. When it came to that it matched what I had invested i kept it there then it went up 3 times, after this I began to think what is my next move. Im glad that I took out 2/3 which I then used to buy a more stable asset - I used it as a down payment for rental property. Of course the other 1/3 as everyone knows I have nearly lost, but  plan to keep it in there. maybe the market will someday rise again.
The market will recover again, no one should have any doubts that is going to happen again, the real question is if many of the people here today are going to hold their coins for long enough to receive the benefits of this market? And I think the answer is a no, most people here will leave the market of cryptocurrencies before we see a recovery, this is quite sad but we cannot force people to hold their coins against their will and like always the ones that win the most out of this are the whales.