Quote from: emberbekas on September 12, 2018, 02:57:46 PM

Quote from: Haliburton on September 07, 2018, 04:14:07 PM

Quote from: Larrycool on September 05, 2018, 09:56:47 PM

Bitcoin has come to stay. I think many people still panic to see the price is down and like what we see, the price is down too deep this time. I think that people can think and learn from this, so in the future, they don't have to be panic if they see the price is down. I am sure that many countries will accept bitcoin so people don't have to afraid to invest their money in the cryptocurrency.

The fall in Bitcoin's price is normal, in my own opinion. It's the cause of the volatility inherent within cryptocurrency markets, probably because of the lack of proper regulations within big exchanges in crypto land. Everyone panics and believe that Bitcoin will die and no longer exist as a cryptocurrency for the masses. But, that's not the case since it has been shown lately that Bitcoin's hashrate has been on an uptrend (which means that more miners are joining the network). Once the FUD come to an end, you'll see that there will be FOMO within the whole cryptocurrency market.

In effect, this would cause Bitcoin's price to rise massively (like it happened last year), and other altcoins will do the same. Cryptocurrencies like Bitcoin and Ethereum are more suitable for long term investments than anything else. Therefore, if you can't stand the pressure, then I'd recommend that you sell all your crypto assets before you lose it all.

True, bitcoin is very volatile and the down trend isn't only happening now. In the past a drastic price decline also occurred. And look at this time bitcoin still survives. So, the falling in price isn't something extraordinary. This is normal because prices are unlikely to move in one direction only.

maybe for those of us who already know bitcoin more than 5 years the condition now looks normal even though the chart says it's not good.
but for those who were new to bitcoin last year and they just bought bitcoin it clearly made them panic with the current condition. but I think they need enough to feel that, like I felt bad conditions with bitcoin 4 years ago Wink