TRUE. Remember when we started here, bitcoin is less than 500 dollars( when i started ), even me go to selling panic because of that august one thingy, but I'm thinking that i've just started from scrap, I already have a few funds and I think that more than enough money that Ive gathered here. We right now is facing a dilemma and sometimes thinking on turning to alternatives but the price of BTC is slowly going down because of so many dumps and thoughts that their BTC might be just a waste after august 1. I'm not an expert in programs and how the blockchain technology work but even theymos gave a warning about this and that's a fire sign for us to be ready on what's coming.
You understand that such conversations and suggestions raise panic among Bitcoin users. Unequivocal I think that Bitcoin will grow soon. It's just a huge hype and a build-up of the situation before August 1, and this is exactly what affects the overall situation. People are simply scared and are trying to sell all their Bitcoin, so the market is filled with offers, and the price is falling. Just think that if someone Bitcoin buys, then he is not afraid of what is happening today. It seems to me that now is the chance to buy Bitcoin at a cheap price and before the end of the year you will have a good profit
And what follows from that?
That we should keep silence and repeat the mantra that Bitcoin cannot crash? Bitcoin is a zero-sum game, and for someone to win, someone else should necessarily lose (you may like it or not but this won't change a thing). If Bitcoin is going to crash massively, spreading unfounded optimism is more evil than spreading "fear, uncertainty, doubt". Since in the latter case people will lose something (provided the price does actually rebound, which is not a given), but they will likely preserve the bulk of their wealth anyway. And now think what unbridled optimism can lead to if people start to believe in it and lose all in the end. What is more dangerous and amoral (as far as morale is applicable here)?