What I do not understand is why most people are so pessimistic and talk about "these hard times for *coin".
there are two types of people who are "spreading" the pessimism. (we have more types with pessimism but they keep it to themselves).1. the newbies who thought they were about to become a millionaire because they invested something like $100 in bitcoin
2. those idiot traders who think if they attack bitcoin now the price can go lower so they can make a bigger profit in their short trades.
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...that even now, the Bitcoin is a bit over-valued.
I disagree. bitcoin is undervalued by a lot. it at least needs to go up another $3000 to get where its real value is. this price is the product of a "push-down" not a correction anymore. yes there was a bubble, then there was a correction but that was months ago.Quote
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.
being stable or not has nothing to do with investors "trusting" it!!!they trust bitcoin because of its transparency and security and also its being permissionless.
and we don't want any "big player" to come in. we want people to have the option to be able to use a decentralized currency not some "big player" millionaire to buy it and play around with its price!
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Any asset in which you make money like winning the lottery every day is bound to crash.
that is irrelevant to bitcoin.Quote
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.
if by that you mean price will be more stable and won't have wild swings then you are wrong. we are very far away from that day. we WILL continue to see big rises, bubbles, big bubbles, corrections, crashes and big crashing dumps. .... the rollercoaster continues.
