I feel very pissed when I listen to people who complain that Bitcoin has finally crashed and this might be the end of Bitcoin. I have come to realize that most of the people who utter these statements are either new to cryptocurrency or those desperate investors who has no knowledge about long-term investment.
Most of the new investors who bought during the 2017 bull run didn’t know much about crypto, they bought to quickly increase their money and it was so disappointing to them that bear market started shortly, hence the panic. Bitcoin is not a Ponzi scheme where you drop your money today and it multiplies by double folds the next minute. What we are experiencing now is only correction/ healing process. There is no need for panics.
Like you have said, most of this people spreading false news about Bitcoin and going about with negative vibes on Bitcoin are all newbies to Bitcoin. Sometimes I don’t blame them, what do you expect from people who commit their money into a project without a good understanding of the project.
I had a chat with a friend few days ago, he bought over 10 BTCs during the bull run and the person who introduced him never gave him any lectures, he was only told the money would multiply immediately. Now he’s so hurt and he goes about saying all sort of Negativity about Bitcoin, but after my discussion with him and I made him understand what Bitcoin is all about, he got so relaxed and promised never to say anything bad about it.I think Bitcoin optimists also have a lot of work to do from