Post
Topic
Board Bitcoin Discussion
Re: The future of Bitcoin: Bullish or Bearish
by
taufik123
on 13/09/2023, 23:00:57 UTC
Bitcoin's recent performance has raised concerns
I'll stop you right there: bitcoin's performances can cause concerns only to people who don't know (or understand) what bitcoin is and, especially, they think only short term. If someone is worried because bitcoin lost 10-20% it's just not for them, at the end bitcoin never pretended to be something for everyone.
Those who are still worried about bitcoin performance certainly don't understand what Bitcoin is, they don't know fully how bitcoin works.

The concern they fear is that Bitcoin continues to crash and drop by tens of percent.
Even though that is still quite normal for the crypto market, especially now that Bitcoin is still in a bearish period.

Many people fear selling their Bitcoin holdings at a cheap price.
Fear eventually turned into panic and did a stupid thing by selling at a loss.

Bitcoin remains Bitcoin and is not trying to be anything else.
Bitcoin remains the most desirable digital crypto asset and also an investment asset for the long term.