Nice article. It's amazing to be involved with such a cool, groundbreaking project!
As we all watch our bitcoin wealth accumulate, it's tough to think "this may make me a millionaire someday."
It seems unreal and almost too good to be true, which adds to the panic selling that we are all tempted from time to time.
I have friends who are coming around to the idea, but then balk at the price. Even I was wary as friend were starting to obtain a sizable chunk of coins when the price was at $40... and then again at $60.
I try to prepare people for the possibility that the price may drop to lower levels again, but continue to be shocked as it keeps climbing.
I justify the price climb with adoption and growth of the bitcoin economy. Then when we're in the midst of so much media attention & large steps, we see price corrections & drops. It seems as though the fun has come to an end, but at the same time, it seems like another great time to obtain some coins.
I've been on the fence 50/50 about whether the price will go up or down for many many months now, and I will continue to stay there.
So volatility continues to help me as I buy when we're going down & sell some as we're going up. However, I keep holding on mostly & look forward to seeing what this awesome project will become!
Right, instead of "Prepare for the worst hope for the best." Let's make it "Prepare for the worst, do what you can to make it better."As we all watch our bitcoin wealth accumulate, it's tough to think "this may make me a millionaire someday."
It seems unreal and almost too good to be true, which adds to the panic selling that we are all tempted from time to time.
I have friends who are coming around to the idea, but then balk at the price. Even I was wary as friend were starting to obtain a sizable chunk of coins when the price was at $40... and then again at $60.
I try to prepare people for the possibility that the price may drop to lower levels again, but continue to be shocked as it keeps climbing.
I justify the price climb with adoption and growth of the bitcoin economy. Then when we're in the midst of so much media attention & large steps, we see price corrections & drops. It seems as though the fun has come to an end, but at the same time, it seems like another great time to obtain some coins.
I've been on the fence 50/50 about whether the price will go up or down for many many months now, and I will continue to stay there.
So volatility continues to help me as I buy when we're going down & sell some as we're going up. However, I keep holding on mostly & look forward to seeing what this awesome project will become!
Things like the new app that can link people to M-Peza (starts with a K) will really push this forward. It allows people who don't have a smart phone to use bitcoin. We're on our way!
