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Author Topic: Why the bitcoin won't crash.  (Read 1919 times)
jcarlo
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August 03, 2018, 11:42:48 AM
 #61

Bitcoin is most favorite coin to invest in market by investor. But from highest price, i think bitcoin price already drop more than 60% but compare with bitcoin price at early 2017, bitcoin price still give a big gain more than 6x

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August 03, 2018, 11:57:53 AM
 #62

Nice essay.  My philosophy has been to sell/spend 50% of my mining proceeds.  That way, I'm not hoarding and driving the price up nor dumping and driving it down.  I've covered my equipment investment costs but still have some coins should Bitcoin continue to do well.  I do kinda regret all those coins I sold for less than a buck though.  Cry

I'm sorry for you, that would have sold the coins very cheaply. I believe that you have gained invaluable experience that has taught you how to act today and in the future. Personally, I was not engaged in bitcoin mining, I earned bitcoins on my sites. by advertising for bitcoins, and at that time I took all the bitcoins, too, exchanged for dollars and lived on the money. I can also say I regret that I did not hold these coins.

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August 03, 2018, 11:59:59 AM
 #63

I think there are many factors. Bitcoin is used all over the world and just so it can not collapse
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August 03, 2018, 12:06:02 PM
 #64

The whole point of cryptocurrencies is that it's the new wild west. There are no rules. Nor should they be. It's a free market, one of the few left, thanks to the internet, which has been mostly a free market as well.

Let it work. It will work. There are growing pains. but cryptos are going to win in the long run.

And that's exactly what makes it work. It's a good thing for the principle, but a bad thing for those who don't think about the consequences of not protecting themselves. The Wild West wasn't easy to survive in, especially if you wanted more. You can't exactly be running around naked and hoping to collect assets.

When people adapt to the climate and understand better how to protect themselves we'll have a more stable trading environment. Part of this is realizing the responsibility they have for their security, and the unique features crypto has that fiat doesn't in terms of transactions and usage.
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