For those who are discouraged, remember history keeps repeating itself
Take yourself through the bitcoin memory lane
- Bitcoin went from being worthless ($0) to $4000+ in less than 10 years
- Bitcoin has a trading volume of $4-$5 billion per day
- It handles 200k-300k transactions per day
- It facilitates the transfer of $1 billion worth of transactions per day globally
- It is being accepted by thousands of merchants around the globe
- It introduced one of the biggest technologies that is being used by banks, governments, and a lot of financial institutions
I like your positivity but please don't take the
"history keeps repeating itself" as reference for bounce back. What we must take note are the current ones as past performance will not guarantee a future result.
On a lighter note, the pointers given are true and there's even more. That's why even on a the bearish trend, it doesn't changed my view on my hold coins on stash. I always says that people have lots of reasons to believed in bitcoin no matter what.
1. Always remember this, you have not made a loss until you sell
2. After a price dump comes a price pump
3. Never allow your emotions to do the thinking for you
4. Always go with your gut feeling
1. For hodlers yes. But some traders are taking advantage of the current price swing so selling is part of their strategy.
2. That's bitcoin.
3. Being emotional is always there and part of the process. People just have to focus on remaining calm despite of a serious problem they will experienced along the way.
4. Somehow right. We are talking about bitcoin here in the first place so people must trust their strategy if their basis is properly analyzed.