A blood bath we are a taken...or are we?
I would like to add my 2 satoshi's to the madhouse of speculations, sky is falling, doom and gloom we are seeing, feeling and sick over.
First, if you had no plans of cashing out today, you have nothing to worry about. If you took your rent money to buy btc, you might want to look for a second job and/or a tent. But have no fears, bitcoin will be back.
Second, if you're in this for a fast buck with no hard work, good luck on that one.
Third, always and I mean always talk in satoshi value.
Fourth, there was a generation that only dreamed of making 7% off their retirement stash after paying 40 years into that fund. Today, this generation expects it within weeks...sad
Fifth, bitcoin will find a way, it always does. The blockchain is a living , breathing idea that no person, government or space alien can stop. When the blockchain space gets filled up with scammers and selfish people, the blockchain shakes those people out. This is what's happening now.
In closing, remember what your why was when you entered this space. Maybe this is a perfect time to x out the market and dig into the core "why" bitcoin came to be.
Bitcoin will find a way.
A remarkable year in the history of bitcoin is 2009, as this is the year when SATOSHI NAKAMOTO oresyits most innovative and successful invention to the public and as in the beginning it has got very dull response and every one just called it a Ponzi scheme or a bubble that would burst soon but there were few people who believed on it and now they are the bitcoin billionaires and since then bitcoin has made tremendous progress and in this one decade bitcoin has gone through a lot but now after so many obstacles it is now on the top of crypto ranking so no doubt bitcoin always finds its way.