Post
Topic
Board Economics
Re: Bitcoin price
by
Fortify
on 21/08/2022, 20:03:32 UTC
Bitcoin had been undoubtedly the investment of the year.
 The late panic people is missing all the points and point out the major issues of bitcoin, the mind of many bitcoiners;

 - When you do an investment for a year, 2 years, 5 years. Yet bitcoiners seams to want to do a 5 minute investment... with profit. :'

The trouble with all of these people who steamed in while the price was rising was they were not really investing - that involves a lot of research, understanding the underlying asset and how much further it could possibly rise. They were merely trying to jump on the bandwagon after seeing the massive trend upwards that Bitcoin was showing on charts. However this sort of story has played out time and again throughout history, we even saw a parallel version of it happening with NFT's which burst much harder. People had access to a lot of cheap money and didn't really understand what they were buying, they were most definitely not thinking out 5 years ahead, as these people struggle to think 2 days ahead when it comes to finances.