Post
Topic
Board Bitcoin Discussion
Re: Where are the true believers of Bitcoin?
by
KorakPawon
on 18/11/2018, 12:22:22 UTC
Bitcoin dropped in price and even the so called crypto believers and users begin to panic. Is it because we fail to learn? Why do people anticipate Bitcoin to have similar trend as last year December, 2017? This is not how crypto operate. Let's get this clear, Crypto is unpredictable and every user is expected to know this before joining the crypto space in order not to panic in times like this.
Study the history of Bitcoin and you will know that Bitcoin has even suffered worse dips than this yet recovered along the line. Stop panicking and start buying while it is cheap now.
I think the true believers you're looking for are remain silent, especially in this kind of situation. They that you called panic are short term investor who try to earn lots of money through bitcoin. Whereas, we actually don't need to be panic facing the situation, because the value of Bitcoin increase as more people buy it. However, it also decreases as people sell, which is why people tend to think it is volatile, yet it has increased by 97.61% this past year! So, be calm, up-down situation always happen in bitcoin.