Quote from: CryptoBry on March 21, 2018, 01:06:02 PM

Quote from: Pursuer on March 21, 2018, 12:02:39 PM

not such a good example in my opinion. people don't buy "Gucci sneakers" to make profit, they buy them to wear. but when it comes to bitcoin, most people are buying it to make a profit and worst thing about them is that they are not traders so they want a rising market only to make profit and they don't even know how to make profit if the market is anything but rising only. so when the market is not moving according to their expectations and they not only not making profit but also losing a lot, they start complaining and panicking and eventually their panic sell crashes the price (the final crash before the reversal). if someone is buying bitcoin to benefit from bitcoin (like how they benefit from a "Gucci sneakers") or if they are traders, they would have never complained about dropping price of bitcoin.

And this is actually the reality that affected many people who are into Bitcoin thinking that the value will never go down when in fact they know that Bitcoin can be so volatile based on its past history and what is currently happening in the market. Last year there was an influx of newcomers to cryptocurrency and these people were complaining when the market was down. We just have to wait for it because I am sure that eventually Bitcoin will start to rise again.

Exactly, the fact that the value will still rise up should be consider by many supporters, those who are complaining about the sudden downfall needs to
study deeper, the value was volatile and fluctuations are always unpredictable, but in somehow, we just need to wait and think of this matter for much
longer terms, bitcoin will rise up and everything will be good and green again.

arseaboy

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