I came upon this article, and the so called experts weigh in on the current price dip and why they believe
Bitcoin would reach $3000.
I am usually very skeptical about trading advice from popular cryptocurrency influencers as it could be made with personal motive, but I was drawn to the statement made by Former institutional trader, Tone Vays;
"
BTC constantly drops 80 or 90% to make sure people know what theyre doing, that they understand why theyre in BTC. And I think there are so many big buyers of Bitcoin and they werent buying it for the right reasons. They were buying it to make a quick buck and to be famous and to make money for their investors"
The current drop is bad for those seeking short term profit, and ICOs sponging on the growth of bitcoin. But I don't think it does much to the actual goal and target of this technology,
Of course we all invest for profit.
But true believers in bitcoin would be mildly shaken by price dumps, especially as it is expected in this space.
What do you think?
What's the support you envision?
Could there be a silver lining in all these?
People who wants to introduce their new technology really wants bitcoin to go down. They really wanted to replace bitcoin as the number one crypto. I know bitcoin has some flaws but as what I've noticed with new ICOs and projects that are evolving into crypto space almost everyday are purely real joke. There are so many shitcoins want to profit from people who has less knowledge about the technology.
There are so many haters of bitcoin. They are really doing their best to let it down and spread FUD online just to make it worthless. Real supporters of bitcoin won't be tilted. This will surely pass and bitcoin's value will bounce back again.