I think bitcoin dropped has been dropping and might continue to drop (
) for many many reasons, none of which I or anyone else could predict and so I and a lot of poeplez bought in too early...
I honestly thought the "bubble" would "pop" and then blow up again and just get bigger as larger and larger waves of poeple started to convert their fiats to bits!!!
Sadly a lot of things blew up in our faces ( the bubble(we kinda saw that one coming but still it went KA-FUCKING-BOOM), mtgox, china, bitlicense, etc... ) needless to say things didn't go as planned, and people lost shit tons of money and or "net worth" ( unrealized profits ).
Now Investor confidence is extremely low, traders are playing hot potato trying to get 1% on a quick bounce, and early adopters and or large BTC whales are cutting loose, and even I am having bearish thoughts!!
I don't have to tell you things are bad, everyone knows things are bad...
hoist the colours.Relax man, BTC is still toiling away, slowly moving towards what it is meant to be: a trustable banking solution to the billions of unbanked. The infrastructure is being laid down faster and faster. Like a train line that is expensive and useless until it is finished, BTC is going through the growing pains that accompany moving from speculative asset to useful asset. Think about all that has happened in the last year, and realise we have a lot less to be worried about now than we did then.
Plus if all else fails, the darknet is still growing strongly, and BTC will always reign supreme there, soon the kiddies won't remember buying drugs any other way.
