Quote from: tomahawk9 on January 07, 2022, 12:41:59 PM

Quote from: Darker45 on January 07, 2022, 02:22:11 AM

Perhaps a reminder from the mayor of New York City could help ease the fear.

Nah, i don't believe it'll help at all. Since when does the average joe or average crypto user cares about the paycheck of a politician? only thing that could ease the fear right now is green candles and green numbers in the charts, some upward movement, a full stop to this downtrend once and for all

I hope I'm clear this isn't about the paycheck of a politician. This is about believing in something of high value whose price happens to rise and fall. Although, of course, we cannot deny that many are finding inspiration, encouragement, and the like from people up there, may they be politicians, CEO, scientists, generals, inventors, and whatnot.

Quote

Quote from: Darker45 on January 07, 2022, 02:22:11 AM

"Well, you know what, sometimes the best time to buy is when things come down so when you go back up you've made a good profit..."^[2]

i'm gonna go out on a limb and say that the majority of peole who will follow his advice right now do not know how dangerous it is to catch a falling knife in the cryptomarket, or how long it could take for them to "make good profit", or how you should do your own research before taking someone's advice about finances and cryptocurrencies,, now that's a lot of assumptions mind you, but i've seen similar behaviour in the past (downtrend in the market, newcomers following an authoritative figure's advice cos they wanna make a quick buck, etc), so i think what i said is not too far off the mark... All in all, not the best advice to tell others to buy when prices go down sharply, let alone doing it when the downward pressure is still present

The history of Bitcoin is replete with regrets because many allow fear and doubt to get the better of them. In this relatively short history, we've been taught over and over again to buy the dip. Others who will learn their lessons late might buy the dip at $140,000.