The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none.
Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.
Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.
I can tell you that there actually are, believe it or not, people who do believe in the tech and haven't bought it other than to try it.
So, believe it or not, there are people still in this despite or because of the price crash, who'll be here long after Bitcoin is "outlawed and crashes to 0". Guys like you will probably be parading with the I-told-you-sos... but those guys sticking around, they'll be invisible, as they've always been. Plugging at it and soldiering on.
Hi, I have a few questions if you don't mind answering. Would appreciate it. What do you mean other than to try it? what are they exactly doing? I mean I understand it cuts out the banks and its peer to peer where you become in control of your own money. But we are still talking money, bitcoin still has a value. Honestly if bitcoin was $0 tomorrow till the end of the year, how many people would actually be in the space.
Your talking like money means nothing to certain people. Money is everything to everyone in this space. Period. Dev's get paid, miners mine to get paid, traders trade to make money, investors, exchanges, shorting, advertisers. Companies have closed just because of the price of bitcoin. Maybe I am ranting but i just feel these people you talk about are rich anyway so it doesn't matter to them.