For them, it is indeed a pyramid scam, due to the way they are dealing with all this.
it's funny how everyone is calling the bottom so high .. there is nothing stopping BTC from going to $10 .. highly unlikely ... but $100 is very possible. Not only the chinese are going to panick sell but other people that bought @ $800-$1000.
Of course holding is the right thing to do .. but it's easy to make that call if you haven't lost 50% (ie. early adopter).
Of course holding is the right thing to do .. but it's easy to make that call if you haven't lost 50% (ie. early adopter).
Oh hi newly converted
No, you are not seeing 10 or 100 anymore, in case you didn't figure it out yet.When I first bought coins, and substantial amount of fiat went into that, they were $17. I then watched (traded a little swings but never sold) for half a year while they slowly went to $2 and stayed there. So this 50% correction here is purely nothing, of course if you understand what bitcoin is and not just here for the quick ride to the moon.
This little correction is just why not everybody can profit from bitcoin. People that bought at 1000 and exited at 500, well, they are fucked because they will never reenter back, waiting for the
First they get their gains for Bitcoin, then ban it, and then "invent" ChinaCoin.
