Quote from: Febo on March 13, 2020, 05:45:01 PM

Quote from: WhyFhy on March 13, 2020, 01:23:08 PM

If bitcoin is made for times like these why is everyone selling at a time like this?
China quarantined fiat FFS.
This tells me 100% BTC is only a financial purpose and not a practical purpose overall.

Just venting a little. This selloff is nuts.

Bitcoin is not made for times like this. Bitcoin is made for financial crisis. Collapse of central banks. Bitcoin is also not ready to replace fiat at this moment. So even if in half year time central banks collapse I dont see that Bitcoin will be useful replacement.

Bitcoin function also because of its convenience and performance to a lot of transactions in the market. Also imagine how big your profit is if you invest at this volatile coin, that's why it is being compared to a gold because of its ability to store value. Bitcoins should stay as a digital currency and not a fiat currency because fiat is more handy and practical to use while bitcoin is useful if it involves a huge amount of money for a larger transactions. The reason why they sell even if it is necessary to exchange bitcoin to buy their needs, they sell because they value their greed over their lives. Those whales still think of a profit even though it is uncertain when will bitcoin be recovered from huge losses, and they prioritize bitcoin when their life is at risk.

Quote from: Febo on March 13, 2020, 05:45:01 PM

What happened yesterday and what happened last year is totally normal. Same can continue this weekend and next week. It can or not. We will see. On long term all this is good for Bitcoin since it slowly destroys central banks. Good things for Bitcoin are not just that price of Bitcoin increase. Good things are that people talk about Bitcoin and that they use it.

Definitely, bitcoin is not only talks about money, it is about how people will adapt to this digital currency. Hoping that more people will know and understand the value of crypto in the market as it is really the most famous and most used cryptocurrency for investmens. Continuously promotion of bitcoin on simple things will let us give more knowledge and possible good things to happen if we achieve our goals with bitcoin. Let's just predict and create strategies so that we can be prepared and prevent being stress to its downward movement in its price. According to the saying "Just let things play out, what's supposed to happen will happen and we also need to accept the fact that our life is in control and wait for the right moment for bitcoin to happen.