Quote from: Oceat on Today at 09:34:17 PM

Quote from: Viscore on Today at 08:39:26 PM

I have this feeling that this mayor is quite afraid too to see his first paycheck in bitcoin so that is why his answer is not clear enough. Instead, he started to cite the positive side having this dips. But honestly, if we can trace all the price falls for bitcoin, there are no chances that its price did not recover. Its price has even made it more valuable after the market has recover. So there's no need to fear this time, as we are only given good opportunity to buy those potential coins in the market while they are still at sale.

The Mayor just wanted to say to the people to never sell just because they see a decline but instead buy more or hodl as things would always be back in line in no time. We just have to persevere this bloody drop and wait till it pump because the Mayor is probably bullish.

Most people are who doesn't have enough knowledge about Bitcoin would choose to sell if they see a sudden drop thinking it's the time to sell because it might be bearish soon but they didn't know how the market works that's why their fear is increasing. And we called them as newbies in the market since they suddenly reacts to almost all what's happening in the market like FOMO or FUD.

If you are a strong believer of bitcoin, you won't really be in panic mode. Because you won't sell your stash, but instead hold it while you are waiting for the right opportunity. This is not yet the end of btc life, so very likely that it will still go up in the coming months or years. Worry if you feel that btc is about to disappear. But such situation is very far from happening. Those selling at a loss may have urgent needs so they can't wait anymore or some are in panic mode, which is the common reaction of a lot of crypto users.