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People tend to criticize what they do not understand. It is easier for them to say that bitcoin are bad, than to understand the technology of bitcoin and the essence of blockchain technology.
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I think that bitcoin will never be used for any payments. Like gold, which is also not used for payments. Only for investing and moving capital.
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I'm sure that the bitcoin price does not fall below $5000. This is a psychological level. Large investors will not allow bitcoin lower. And for a price increase, we need an reason. We are all waiting for this reason.
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A real investor is a profession. And it consists in making a living with the help of investment. As a rule, these are very risky people, but they are able to manage these risks.
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Bitcoin is digital gold. Altcoins are a different businesses. Each altcoin has its own purpose. At the moment, the market is very manipulative. In addition, it is only the beginning of the era of cryptocurrency and blockchain. Because of this, so many speculations. Soon everything will change and every cryptocurrency will fulfill its role.
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The situation when absolutely all of HOLD - this is unrealistic. Because of this, the exchange rate is unstable. There are always those who sell. In addition, there are large investors who have already invested in crypto. And sooner or later, they will want to profit from it.
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Everyone who invests in cryptocurrencies must have their own investment strategy. And you need to adhere to this strategy firmly, so as not to make mistakes in a panic. Everyone should understand when he buys a crypto, and when he should sell. Otherwise there will be only losses
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If a person bought bitcoins in the hope of earning a quick profit, then in any case, sooner or later, he will leave the cryptomarket at a loss. And no matter when he entered, in december 2017 or now.
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Nobody knows whether bitcoin will be the main cryptocurrency in the future. It is possible that another cryptocurrency will replace it. The cryptocurrency market is very unpredictable.
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