In my opinion the current price of bitcoin is not exactly down, because the price of bitcoin in May 2019 at $ 4000 is still more lower than
current prices. The current price of bitcoin is still fairly stable, if it drops slightly from the price of $ 9,000 I think still fairly reasonable.
And if because of bitcoin is now down a resulting in many people bankrupt means these people do not follow the rules in investing. One
of them is investing money that we can afford to lose, if you follow that rules I think that investor is not likely to go bankrupt. Regarding
the problem if the price of bitcoin goes down there is no rich person who appears, in my opinion it has a point. But the price of bitcoin prices
go down won't last long, so from it is not necessary for us to worry. Sooner or later the price of bitcoin will rise again and there will be more
new rich people again. So what we need to do when bitcoin prices go down is just be patient and always believe that bitcoin will go towards
prices peak again.
Why do you say that words if we can wait for the right time that the market will rise up again especially bitcoin because as I have analyzed when bitcoin value is rising almost all other altcoin will rise up too in terms of price? Yes, right? Patience is a virtue. In a situation like this, we should have courage to earn and do not be pessimistic. Believe that the bitcoin will recover as we all know that the nature of cryptocurrency is its volatility, in which the price or value is changing time by time, as far as I have remember, last two years ago, bitcoin price rushes upward in just a few months. And because of that, almost all people who are investing and promoting a particular project is making a profit.
Bitcoin is just taking rest at the moment. Like you, I also think that we should give the digital coin market a little bit more time. It is not the first time that Bitcoin is facing a dip. Actually it has seen tougher times than the present one. Just wait for the halving. Though the prices will decrease before the big event but after the halving takes place, bitcoin is going to touch the moon.