Post
Topic
Board Economics
Re: Why You should not worry about BTC price action
by
PrivacyG
on 05/07/2022, 10:38:47 UTC
fast forward to 2014-2015, we experienced a price dipping from a high of $1,238 to $687.50 then to $315.21.
I have to correct you here.  The price dip in 2015 was to much lower than $315.21.  If I remember correctly, it dipped to about half of that, around $150 - $180.

Anyway.  Anyone who looks at the ZOOMED OUT chart knows this is not the first nor the last time Bitcoin's price dips or skyrockets.  The extreme volatility is now I must say part of Bitcoin.  One should know that, by initializing a Bitcoin investment, they are getting into a very volatile asset with big risks but also very big gains.

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Regards,
PrivacyG