Post
Topic
Board Bitcoin Discussion
Re: Elon Musk or China is not a problem with bitcoin or other strong cryptocurrencie
by
maydna
on 21/05/2021, 09:48:45 UTC
I said it before. Elon Musk or China is not a problem with bitcoin or other strong cryptocurrencies. People worry too much; they sell, the price drops. But these are all temporary news. The value of bitcoin is still there. Right.
Yes, it is. But the problem is people still worry and afraid when they see the price jumps to the lower price. They panic and do not want to hold their bitcoin instead of selling at the current price because they do not want to see their investment value decrease. But if they can calm down and have more patient, they will not do that instead will buying more bitcoin at a discount price because that will be the best time to buy more bitcoin. People panic because they read so much negative news from other people, including Elon Musk and China. But they don't think that bitcoin will have time to increase again.