Hitting 100k plus price and seeing Bitcoin drop to 80k within 30 days is a big patience test for many new investors.Many will pass this exam and many will be disappointed and lose patience and make wrong decisions.Newbies might have thought that investing here would improve their financial status and lead a nice and prosperous life with their families.Their house will be lit by Bitcoin and Bitcoin will be the new light in their life after overcoming the darkness of financial crisis.Many people may have become a little too emotional without thinking about the volatility and security of Bitcoin and started thinking that "Bitcoin will become the savior of economic stability". Basically Bitcoin will shine a light on every financial sector, bringing transparency, opportunity and financial freedom. I agree with them that Bitcoin has the potential to restructure the global financial system, serving as an alternative to traditional banking. However, its impact depends on acceptance, restrictions and how well people understand it. I think Bitcoin is a powerful tool for them, so do you think Bitcoin will really be accessible to everyone in the future ? Or Can Bitcoin become an effective light to reach everyone's home ?
Bitcoin is always profitable if one can hold it tight. But this requires a lot of patience which not everyone has. Again, Bitcoin has a cycle that happens every four years and that's why when the price of Bitcoin goes up a bit, many people sell it to buy it again at the Dip at the early of the next cycle. A person must learn market analysis to sell bitcoins or other coins at the right time. Some analyze and sell their bitcoins while others panic and sell their bitcoins. But those who survive in the end are the ones who succeed. And of course that Bitcoin can be the light of his house for him. Living a luxurious life requires money and certainly Bitcoin can fulfill the demand for that money if one can hold on to it patiently.