Post
Topic
Board Bitcoin Discussion
Re: Throwback: Bitcoin was $64k today, a year ago.
by
carlfebz2
on 22/11/2022, 21:26:50 UTC
It is a day to remember every year, because for users who have the confused mind whether bitcoin will reach new ath or not can get answer. Almost an year and a month passed, the present price of bitcoin is one fifth of the ath. No matter what the market movement is, 1BTC=1BTC. So, all that required is the patience and the understanding about the market to experience the same.
While it is true that the bitcoin in your wallet remains the same regardless of its value in fiat, when the price goes down by so much it is difficult for most people to accept this because as we know more than anything they are looking to obtain benefits in fiat terms, so I think a better way to motivate those people to keep holding their coins is to show them the charts of bitcoin and demonstrate to them that bitcoin will eventually recover and go even higher than its previous ATH if given enough time.
No need to demonstrate and it would be much better if they are the ones who do make out those realizations on the first place because if you do really make out some in depth research then you could really find
out these information which you are the ones who would really be realizing if its really that worth or not.
Its true that it cant really be avoided for you not to panic whenever you do see your bitcoin value in terms of fiat is dropping then it could really make you that impulsive and everyone do surely be able to
experience it because this is how market behaves.
This is where peoples experience and awareness do really works on which you would really be acting out basing into your own personal experience which you are aware
on what you should gonna do on such situation.