Topic: This "Crash" is a good thing (Read 1295 times)
I only call it a crash when my balls starting to sweat. I think if it crashes to $120
Well said Carlton Banks. +1
If you look at Coinmap.org, and have been keeping an eye on the number of marked locations, you'll notice there's been no "crash" there. I expect these business owners understand enough about currency (and this new type of currency) that they're not running away now when they can get something safe from bail-in haircuts at a better rate than yesterday. Big picture is big.
The point is Bitcoin is astrong idea, if you believe in it then invest in it and spend your coins in shops. Don't worry about 'crashes'. If it does crash then even more of a reason to buy.
I bought some around 750ish per coin. So this crash still doesn't send it under that. But it's not a HUGE crash per say, if it dropped to 300, now that would be huge.
global moderator
Activity: 3794
Merit: 2615
Join the world-leading crypto sportsbook NOW!
OH goodness... A crash down to 800USD/BTC? Cry me a river... 
haha. It'll probably back to a grand by monday any way, or some big company will announce they're now gonna accept it and to the moon!
OH goodness... A crash down to 800USD/BTC? Cry me a river...
Are you new? I'm pretty sure we've picked up some new readers and members of late, due to the coverage Bitcoin has been getting.
If so, this is your first "crash". But not the first crash. Get used to how this feels, what this makes you feel like behaving (e.g. trying to resist the temptation to sell everything), then take stock of what you've learned, think about how you could've behaved differently (for better or worse).
These things make less difference as time goes on, as the number of Bitcoin users and supporters has only grown overall since the "early" adoption days of 2010 and 2011. Just remember the innovation in financial technology (and the uncertainty around how this change will change the world) is what's really driving this thing, the price swings are just ripples on the surface of a lake of possibility.
If so, this is your first "crash". But not the first crash. Get used to how this feels, what this makes you feel like behaving (e.g. trying to resist the temptation to sell everything), then take stock of what you've learned, think about how you could've behaved differently (for better or worse).
These things make less difference as time goes on, as the number of Bitcoin users and supporters has only grown overall since the "early" adoption days of 2010 and 2011. Just remember the innovation in financial technology (and the uncertainty around how this change will change the world) is what's really driving this thing, the price swings are just ripples on the surface of a lake of possibility.
Jump to: