Hello everyone,
I just registered but of course I am a long-time cryptocurrency watcher.
What I do not understand is why most people are so pessimistic and talk about "these hard times for *coin".
If you look at the growth chart from the beginning of cryptocurrency, you will realize that even now, the Bitcoin is a bit over-valued. It is not "in the red" by any stretch. What was in the last few months was a bubble, an anomaly which may have been exploited only by the very few, just like in the real currency or valuable asset world.
You want a cryptocurrency to be stable, just like the real currencies. Only then will it be trusted and invested in by the big players. Any asset in which you make money like winning the lottery every day is bound to crash.
In my opinion the Bitcoin is just now approaching a "healthy" status. Making money from Bitcoin will be just as hard as making money from real currency trading.
For more money, just you just have to work...
My 2 satoshis...
I just registered but of course I am a long-time cryptocurrency watcher.
What I do not understand is why most people are so pessimistic and talk about "these hard times for *coin".
If you look at the growth chart from the beginning of cryptocurrency, you will realize that even now, the Bitcoin is a bit over-valued. It is not "in the red" by any stretch. What was in the last few months was a bubble, an anomaly which may have been exploited only by the very few, just like in the real currency or valuable asset world.
You want a cryptocurrency to be stable, just like the real currencies. Only then will it be trusted and invested in by the big players. Any asset in which you make money like winning the lottery every day is bound to crash.
In my opinion the Bitcoin is just now approaching a "healthy" status. Making money from Bitcoin will be just as hard as making money from real currency trading.
For more money, just you just have to work...
My 2 satoshis...
I'm every market, people will panic, others will be pessimistic, some others again will be optimistic its part of the dynamics of the market. For the fact that to you bitcoin price is still green, does not mean it has to be for others. Just like the forum here, when some other people are just waking up to their activities, some are about to go to bed while others are in their mid-day.
For those who bought from the beginning of last year till say middle of the year, there is no reason to panic they are just being greedy for excessive profit and carried away with how the balance in dollars was soaring high by the day. But the same cannot be said of those who bought from December down to last month compared to what price is trading at now. Its surely a trying time.
