Post
Topic
Board Economics
Re: losing faith
by
ryanmnercer
on 11/04/2014, 15:52:32 UTC
If you are into BTC , then panicking with everyday news should not bother you . When BTC gets good press , all the people jump on the train and when something goes bad , same people start bitching. May be fiat is better for you.

40-45% reduction in value in 5 weeks isn't 'everyday news'.

It kind of is. Look at the long-term graph (http://bitcoincharts.com/charts/bitstampUSD#tgSza1gWMAzm1g20za2gWMAzm2g1920zl) - BTC typically falls by 50-75% after every all time high (and in a matter of days, not weeks). This has been occurring every 8-9 months. BTC's volatility is well known.

Yes and the past is not the future. Previous rebounds and dips have precisely nothing to do with determining the future.