Post
Topic
Board Economics
Re: Do you see yourself quitting after this bullrun?
by
Fredomago
on 24/05/2021, 21:40:13 UTC
The bull run hasn't yet started. Who want to quit now? Obviously those idiots who believe that Bitcoin is some magic potion which will make them millionaire overnight will be disappointed with the correction. And they will sell their coins at dips. IMO, this is actually good for Bitcoin. If coins remain at the hands of these people, it will be like a ticking timebomb. You never know when these people will dump their coins. Now these coins have moved from noobs to more experienced people and that is good for the overall well being of Bitcoin.

Bitcoin should  hold by those who fully understand the value of this asset. Like what you have said, it's better for those weak investors to throw their coins while the market still in correction period,

Allow those strong holders to keep this coin and let the this situation passed, the cycle will repeat itself and again we will see new bounce to work back again and bring another rise.

Early this year we've seen the best of Bitcoin but it's not the last time we will see that as progress with adoptions continue to wide its scope.