A simple reason is enough to understand why it is good to make ourselves among he strong hands. People continue to buy whenever the market turn negative. At that moment fear too accompanies thinking whether the recovery will happen or not. The simple answer for this, we need to calculate the percentage of people into cryptocurrency last year and this year. With time the users have increased, usage have increased and so will be the demand. This shows the supply demand mechanism push the price harder.
What's crypto? We are talking about bitcoin in this thread.
Crypto is the hopeless attempt at copycatting the concept of Bitcoin in hopes they will create something even better. After all these years, Bitcoin is still at the top. Personally I am super ok with Bitcoin being at the top. And crypto itself serves as an everlasting, perpetual reminder that nothing can top Bitcoin. Especially in times when centralized exchanges are showing their real faces. And not only their faces but also the faces of the people standing behind them, waiting greedily with open hands for their share of the loot.
But you are right, this is the Bitcoin forum. Lets not talk about bad investments here.
I guess I am turning into a wee bit of a troll about the topic, because in some sense, I give little shits about whether members choose to use and/or to parrot sloppy language and some folks are having difficulties even placing where king daddy is at in relationship to the various other "related" projects in the space.
I am not even claiming to be any kind of a "bitcoin" genius because it seems to me that bitcoin is quite difficult to know or even to have any concrete senses in regards to whether bitcoin is going to end up being more successful that it already has been....
There is no putting the genie back into the bottle - yet there are still questions the ways in which bitcoin's network effects continue to play out and the extent to which real people are able to figure out what is the prize and to keep their eyes on the prize.. to be able to separate the wheat from the chaff... or to recognize various snake oils and snake oil salesmen and a variety of ways that any of us might be humbled by gambling with bitcoin or some related project. How much are we investing into bitcoin? Are we over doing it, under doing it or getting distracted into "diversifying" too much into various shit projects?
How well are we managing our risks? I am not claiming to be perfect in the risk management department either, but I feel that I can still recognize a variety of ways in which I am NOT going to gamble with my limited finances, limited time, limited mental energies and even my abilities to engage in a sufficient amount of critical thinking in order to attempt to understand if I am sufficiently attempting to understand what is bitcoin as compared to various other related projects - which would include attempting to understand if the use of "crypto" or "cryptocurrency" helps me to understand what is bitcoin and how it might compare with "related" projects. Is there even such a thing as "crypto?" I hear the term quite frequently... and sometimes, I use the term myself.. but when I hear others use the term, I bet a vast majority of times, I don't know what the fuck they are talking about when using the term... so I am likely going to keep asking for clarification regarding the term.. and some folks will ignore my question, some will attempt to respond, and some will likely not understand why the question was asked.
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