Oh yeah, new investors are going to look at the charts and say "I bet it's really exciting to invest in btc right now". Maybe a few will decide to walk into the burning building for the adrenalin rush, but not many.
I am forgetting this and it is so true. This is how I used to think as a bitcoin noob, but being here for long makes you irrational. Now I say these silly things like some of the veterans. Of course this is very bad for bitcoin. It sets back progress for a long time. One year maybe?
Sets back progress, you have to be kidding me. What progress does it set back by the price lowering? The progress of your bank account.
This is why I love it when the bitcoin price falls.
Progress is made with a lower bitcoin price not a higher price where nobody wants to buy or use the coins.
