Buy the DIP, and HODL!

[Obim34]

Agreed and can attest to this. Faucets 8 years ago gave away some good amounts of bitcoins, like 1 bitcoin per click or so. It wasn't worth my time then but later regretted. Such an opportunity is rarely found now.  I wont be surprise that some set of persons still lack trust in Bitcoin regardless of how it has proven itself all these years. Because in 2014/2015 people never really believed in Bitcoin they dont believe how a digital currency could be outstanding and promise a revolutionary technology in it, they all felt its one of this internet scams then, but yet these people still trust the internet system.

There are good ways to accumulate Bitcoin, if such a person still lack trust or fear of investing now then h/she can buy some hardware, setup and start mining. Those who couldn't buy Bitcoin then should not miss their participation in accumulating now or might regret later for miss.

Nice one brother, you know most persons get such knowledge and opportunities and still wont grab one, cant be termed ignorance at this point because i believe Bitcoin has been widely spread across. Now we are in a digital space where information, and knowledge are evenly spread and easy to access unlike before where there was poor means of passing information, so ignorance would not be an excuse to missing this era of Bitcoin Dip just before hitting another ATH

Bitcoin can't be for everybody it is meant to be that way, and who so ever wishes to partake in accumulating Bitcoin is doing so at his own benefit and those who still considers it as scam, there decision should also speak good for them

There are good ways to accumulate Bitcoin, if such a person still lack trust or fear of investing now then h/she can buy some hardware, setup and start mining. Those who couldn't buy Bitcoin then should not miss their participation in accumulating now or might regret later for miss.

If a person still has trust issues on buying Bitcoin which is the simplest means of accumulation, how much more does he want to involve himself into Bitcoin mining, where much funds is needed to initiate the mining so it can be profitable, such person still sees Bitcoin as being risky and does not want to become part of Bitcoin owners

[1714588345]

1714588345

[1714588345]

1714588345

[red4slash]

such person still sees Bitcoin as being risky and does not want to become part of Bitcoin owners

In my opinion, establishing bitcoin as a risky investment is a must because after all this is one of the risky investments and indeed we must be aware that it is a fact that cannot be changed but of course we have a choice with the risks that exist in bitcoin because we can skip it if we can't afford it even though it's a pity if it's missed or maybe the second option where we are ready to face all the risks that exist in bitcoin with the belief that bitcoin can be something better than today in the future by looking at the progress that bitcoin has had for more than a decade.
The choice of people who are in bitcoin now is to face that risk and consider it a process from us to be in bitcoin so that we can be at this point where we become an investor by continuing to invest in bitcoin regularly.
Make no mistake even though the progress and prospects of bitcoin are very good but we should not assume that this is not risky because when you are wrong in strategizing and wrong in understanding bitcoin you can actually get a loss from what you do in bitcoin.

[Obim34]

such person still sees Bitcoin as being risky and does not want to become part of Bitcoin owners

In my opinion, establishing bitcoin as a risky investment is a must because after all this is one of the risky investments and indeed we must be aware that it is a fact that cannot be changed but of course we have a choice with the risks that exist in bitcoin because we can skip it if we can't afford it even though it's a pity if it's missed or maybe the second option where we are ready to face all the risks that exist in bitcoin with the belief that bitcoin can be something better than today in the future by looking at the progress that bitcoin has had for more than a decade.
The choice of people who are in bitcoin now is to face that risk and consider it a process from us to be in bitcoin so that we can be at this point where we become an investor by continuing to invest in bitcoin regularly.
Make no mistake even though the progress and prospects of bitcoin are very good but we should not assume that this is not risky because when you are wrong in strategizing and wrong in understanding bitcoin you can actually get a loss from what you do in bitcoin.

You call Bitcoin as being risky, yes it is... but still not risky as long as one understands how it operates. Your 1 Bitcoin bought at price 64k dollars and unfortunately the market experience dip and price becomes 15k dollars you still need to be acquainted on the fact that your 1 Bitcoin remains the same as of the former price as long you do not sell due to panicking, learning and knowing all this makes me feel Bitcoin is not risky at all except we are to look from the aspect of Bitcoin trading

[gunhell16]

Holders have been using this method for a long time, whether they are day traders or long-term traders. And we have also seen that it is effective, and this is also where traders usually make money. Especially if we know how to feel the right timing of buying and selling.

Especially in times like this with bitcoin halving approaching next year and surely many hope that Bitcoin will really reach the price that most people expect it to be or that it will reach the price value of Bitcoin, which is at least 100k$ in the market, I just hope that the majority will not be disappointed, because until now, it still remains speculation.

[ginsan]

In my opinion, establishing bitcoin as a risky investment is a must because after all this is one of the risky investments and indeed we must be aware that it is a fact that cannot be changed but of course we have a choice with the risks that exist in bitcoin because we can skip it if we can't afford it even though it's a pity if it's missed or maybe the second option where we are ready to face all the risks that exist in bitcoin with the belief that bitcoin can be something better than today in the future by looking at the progress that bitcoin has had for more than a decade.
The choice of people who are in bitcoin now is to face that risk and consider it a process from us to be in bitcoin so that we can be at this point where we become an investor by continuing to invest in bitcoin regularly.
Make no mistake even though the progress and prospects of bitcoin are very good but we should not assume that this is not risky because when you are wrong in strategizing and wrong in understanding bitcoin you can actually get a loss from what you do in bitcoin.

You keep saying risky, risky and risky. Yes, that is something we don't want in the investments we make. In terms of experience, you already have many ways to minimize the risk of the investments you make using various methods that you have previously understood. Even though sometimes the word risk is quite haunting in our minds, we are ready for these consequences. As long as I implement the DCA Strategy, I think we will be able to minimize the risks that we will accept if it does or does not actually happen. We are ready to face whatever happens in the future.

Everyone has their own principles in how to invest in Bitcoin, whether by DCA or by buying instantly. However, I think Bitcoin investment is more profitable than the risks you mentioned. The supply of Bitcoin is limited and there is no inflation that occurs therefore we are confident that we will make a profit in the investment we make in Bitcoin. Keep buying gradually and hold on for a long time.

[adultcrypto]

Agreed and can attest to this. Faucets 8 years ago gave away some good amounts of bitcoins, like 1 bitcoin per click or so. It wasn't worth my time then but later regretted. Such an opportunity is rarely found now.  I wont be surprise that some set of persons still lack trust in Bitcoin regardless of how it has proven itself all these years. Because in 2014/2015 people never really believed in Bitcoin they dont believe how a digital currency could be outstanding and promise a revolutionary technology in it, they all felt its one of this internet scams then, but yet these people still trust the internet system.

This is another proof that as time progresses, it becomes more and more demanding getting Bitcoin. Who will imagine that there was a time people were getting as much as 1BTC free! Then it was even easy to accumulate Bitcoin unlike now. In the future, we might even look back to today as the time it was cheaper to buy, this is a possibility and the reason we should endeavor to avoid another regrets in coming years.

There are good ways to accumulate Bitcoin, if such a person still lack trust or fear of investing now then h/she can buy some hardware, setup and start mining. Those who couldn't buy Bitcoin then should not miss their participation in accumulating now or might regret later for miss.

Unfortunately, mining is not a cheap to start and sustain. In addition to the cost of hardware, there is cost of electricity, logistics, land/rent (depending on the size of the mining farm) and other costs that may arise in the course of installation. Furthermore, competition in that industry have increased, necessitating the use of expensive and latest equipment to remain profitable. This means that mining is not a risk-free option for those that do not trust Bitcoin.

Besides, will you spend money to mine what you do not trust? Anyone who can mine Bitcoin really trust that his business will yield profits.

[JayJuanGee]

Bitcoin is likely pretty close to inevitably going to continue to be volatile in the next 30 years, but surely if bitcoin's market cap continues to increase it will likely become less volatile with the passage of time.. but as you seem to hint 30 years is a long way to project out, so it does not have very much to do with the topic of this thread except maybe to the extent that your buying BTC (and even loading up on BTC) right now will give you a lot more options 20-30-40 years into the future, so maybe even slow accumulation now and in the next 4-10 years will then result in such BTC accumulating person to have a lot more options when it comes to 30 years down the road.. so long as s/he had not ended up losing the BTC along the way.. so one thing is accumulating BTC but another thing is actually making sure taht they are secure and periodically checking security and keeping up with the better ways to hold your BTC... whether that is going to change or not in the next 30 years seems to also be something that is hard to predict but seems likely since we are ONLY 14 years into bitcoin, as you mentioned.

Indeed, Bitcoin is relatively young, being only around 15 years old, and remains early in stage of its development, landscape of Bitcoin could undergo significant transformation in the next 30 years. Its volatility will also decrease overtime with the increase in its market cap as I also mentioned in my previous post.

The pressing question is how an individual with an average income can afford to acquire a meaningful amount of Bitcoin, especially when its price potentially reaches $250,000 within the next five to seven years. Hence, current lower prices present valuable opportunity to accumulate Bitcoin before it becomes less attainable.

You do not have to buy a whole bitcoin.  You can buy 1 satoshi... so bitcoin is not necessarily going to become too expensive to buy, even though people who got in earlier are going to have advantages in terms of how much their BTC cost as compared with people who are buying later.. so that is merely one of the advantages of acting earlier rather than waiting around and seeing what happens.

Holders have been using this method for a long time, whether they are day traders or long-term traders. And we have also seen that it is effective, and this is also where traders usually make money. Especially if we know how to feel the right timing of buying and selling.

Especially in times like this with bitcoin halving approaching next year and surely many hope that Bitcoin will really reach the price that most people expect it to be or that it will reach the price value of Bitcoin, which is at least 100k$ in the market, I just hope that the majority will not be disappointed, because until now, it still remains speculation.

We are not talking about trading in this thread, and the overwhelming majority (maybe even more than 80% of people) do not even need to try to trade bitcoin.  They are likely going to be much better off to employ various strategies that mostly focus on ways to buy BTC, even if they employ a variety of means of buying BTC that involves DCA, buying on dip, lump sum buying and even HODLing from time to time when they run out of money to buy. 

Anyone who is knew to bitcoin or even several years into bitcoin and who are largely accumulating bitcoin should not be considering selling bitcoin as a means to either accumulate bitcoin or to be using selling as a means to attempt to buy more bitcoin. It is not a good accumulation strategy for more than 80% of people.

[DaNNy001]

such person still sees Bitcoin as being risky and does not want to become part of Bitcoin owners

In my opinion, establishing bitcoin as a risky investment is a must because after all this is one of the risky investments and indeed we must be aware that it is a fact that cannot be changed but of course we have a choice with the risks that exist in bitcoin because we can skip it if we can't afford it even though it's a pity if it's missed or maybe the second option where we are ready to face all the risks that exist in bitcoin with the belief that bitcoin can be something better than today in the future by looking at the progress that bitcoin has had for more than a decade.
The choice of people who are in bitcoin now is to face that risk and consider it a process from us to be in bitcoin so that we can be at this point where we become an investor by continuing to invest in bitcoin regularly.
Make no mistake even though the progress and prospects of bitcoin are very good but we should not assume that this is not risky because when you are wrong in strategizing and wrong in understanding bitcoin you can actually get a loss from what you do in bitcoin.

That's true mate, but that's life for you, because only the risk takers are the ones who actually live outside the line of normal standards when it comes to success and wealth. Bitcoin investment is, risky, no doubt, but it's the kind of  risk that is worth involving, because if you truly understand and plan yourself very well in your journey of holding Bitcoin, then you will probably know that Bitcoin investment is the right risk for anyone to involve themselves. The world today is full of people who are actually striving to make it one way or the other and some go as far as being impatient and actually investing in shitcoins that will guarantee them profits in a short time, which to me is not bad, as it's has work for some, but I would rather risk on Bitcoin investment and wait patiently for it grow than investing in altcoins that can drain up in no time. Both types of investment are risky, but one of them is actually a foolish risk because of the tendency for everything to go wrong, which for me is a risk not worth trying at all.

[Hewlet]

Make no mistake even though the progress and prospects of bitcoin are very good but we should not assume that this is not risky because when you are wrong in strategizing and wrong in understanding bitcoin you can actually get a loss from what you do in bitcoin.

the way to go about any investment platform is to not get carried away with its prospect and hope of massive returns thereby making investment that if the worst situation happens you won't be able to bear the loss. Risk is a very vital part of part of Bitcoin and having the right strategy to managing such risk makes a whole lot of difference.

[Wind_FURY]

BUT all we see is markets are not reacting in the way how the fundemantals says it should. One of them is probably "lying". Who? The fundamentals or the markets?

From my perspective, you are still overly focusing on macro factors and presuming BTC correlation. .or even presuming that bitcoin might go down before it goes up.. so even if the various macro markets might continue to be inflated and due for various crashes, whether talking about the stock market, properties and other bubbles, that does not necessarily mean that bitcoin is not the place to be.. even though surely we have seen in the very short term (like a liquidity event similar to March 2020), all assets seemed to have had been flocking to the dollar, and sure that can happen again.

Perhaps, and I'm still learning. BUT what you and many other people might have already read or learned is, it's Bitcoin's first time to exist in a recession environment and although you might be right in that Bitcoin might not be affected if other markets are crashing, I still believe that it's safe to conclude that there's a HIGHER probability that it could crash together with the rest of those other markets.

Position yourself according to a variety of possible scenarios in which you already have a plan what you are going to do for each scenario.. . and surely, there might be some movements that go beyond your expectations, but if you have a plan, then you should still be able to tweak your plan in order to account for such deviations versus if you had overly planned for one direction or another.

Would that be a non-biased/impartial presumption?

I doubt that you are as non-biased/impartial as you are trying to make yourself out to be.  So whatever, if you believe that you are largely prepared for any direction, then you will need to live with the consequences... yet it seems to me that you are largely just preparing to say I told you so rather than really preparing for a variety of possibilities, because it really should not matter very much if you end up being right or not in terms of your base case scenario.

What? Hahaha. OK, are you saying that in a recession environment and during a phase when the Federal Reserve and other Central Banks around the world are fighting inflation through Rate Hikes and Quantitative Tightening, WHICH will also cause phases of monetary DEFLATION = It's a biased take to say that there's a higher probability that prices of stocks and commodities, many other assets could crash?

IF you're saying it's "biased" merely because it was I who posted it, then that's ad hominem, ser.

[Salahmu]

Holders have been using this method for a long time, whether they are day traders or long-term traders. And we have also seen that it is effective, and this is also where traders usually make money. Especially if we know how to feel the right timing of buying and selling.

I think I will disagree with you on this, let's not misunderstand DCA strategy for a day traders because buying and selling is totally a different strategy that shouldn't be advised for beginners who just came into crypto because in as much as you feel you can get a higher profits return there is also chance of losing your capital, people who uses the strategy of buying when the price is low and selling when the price is higher tend to be panic sellers who is always afraid and uncertain of the price movement as such there is a very tendency that they can easily get affected if the price is moving against there direction, so as an investors who really understand Bitcoin and it potential, I see no reason why risking your accumulated Bitcoin to Chace the price movement of Bitcoin when the DCA strategy is here to guide you, so on the contrary DCA strategy was designed to help us minimize the risk of investment as such building us not to Chace the market price but instead how we can accumulate slowly but consistent and free from panic of price movement and with the target for holding for long.

[EarnOnVictor]

Holders have been using this method for a long time, whether they are day traders or long-term traders. And we have also seen that it is effective, and this is also where traders usually make money. Especially if we know how to feel the right timing of buying and selling.

I think I will disagree with you on this, let's not misunderstand DCA strategy for a day traders because buying and selling is totally a different strategy that shouldn't be advised for beginners who just came into crypto because in as much as you feel you can get a higher profits return there is also chance of losing your capital, people who uses the strategy of buying when the price is low and selling when the price is higher tend to be panic sellers who is always afraid and uncertain of the price movement as such there is a very tendency that they can easily get affected if the price is moving against there direction, so as an investors who really understand Bitcoin and it potential, I see no reason why risking your accumulated Bitcoin to Chace the price movement of Bitcoin when the DCA strategy is here to guide you, so on the contrary DCA strategy was designed to help us minimize the risk of investment as such building us not to Chace the market price but instead how we can accumulate slowly but consistent and free from panic of price movement and with the target for holding for long.

Maybe you got @gunhell16 wrong, but I don't, I do this in trading myself. The DCA approach is a general term in investment but traders are buying a similar idea as well in their trading. As in investments where you divide your funds into equal parts for subsequent investment periodically and at different prices to hold for long-term. A similar approach is being employed in trading as well and could be encapsulated in the money and risk management trading context.

In trading, one could have $1000 and decide to divide it into 10 equal parts ($100 each) instead of risking the whole money at once, which is a very good idea to me. I do this often and it's a great idea to be more conservative, calculative, planning and consistent in my trading approach as the market is dynamic, no one knows the trade and the portion that will be most profitable, which is why this idea is wise. Except that DCA is more popular in Investment/HODLing.

DCA is a huge name in investments, but whether it's in Bitcoin investment or trading, what is important is for the person to know what he or she is doing because some people are doing it wrongly and still saying they DCA Bitcoin. You can call it whatever you like or even pretend that it doesn't exist, so long as the person applying it does it rightly and is consistent with it, then the deed is done as it has served its purpose.

[salad daging]

Holders have been using this method for a long time, whether they are day traders or long-term traders. And we have also seen that it is effective, and this is also where traders usually make money. Especially if we know how to feel the right timing of buying and selling.

Especially in times like this with bitcoin halving approaching next year and surely many hope that Bitcoin will really reach the price that most people expect it to be or that it will reach the price value of Bitcoin, which is at least 100k$ in the market, I just hope that the majority will not be disappointed, because until now, it still remains speculation.

What method are you referring to? DCA has nothing to do with trading whereas DCA only focuses on accumulation regardless of price, traders are obviously different and they just want to be fast whereas the focus of this thread is how DCA strategy and its management over time.

You don't need to be disappointed if you believe the price will be $100K, what will be disappointed is too focused on thinking about price speculation while you ignore the more important accumulation just to say that, if you feel you still have time before the halving arrives then do the DCA strategy now even if it is still a little longer, but that time should be used to accumulate as much as possible and the longer the better.

[shield132]

The stupidity in “blockchain technology” land. But this is very BULLISH for Bitcoin. Headlines like this is an example that more dumb money will go to shitcoins, then Bitcoin. Buy the DIP, and HODL.

Cardano will probably is not the next Bitcoin because there are better options there but Cardano is not a shit coin. Shit coins are coins like Dogecoin, ShibaInu, Internet Computer (ICP) coin, etc...

Because we are not merely “investing”, and if you ask me, HODLing Bitcoin is something every individual should do “just in case” you need to utilize Bitcoin’s main value proposition. Censorship-resistance. It is something you think you might not need, until you are forced in a situation that you might need it.

What's the point of HODLing bitcoins? Do you think that if we all hodl, the value of coin will go up? Why do you expect increased demand on bitcoin in case of hodl when there are alternative cryptocurrencies? There is no point to hodl money, money has to be in circulation in order for new products to be created and for services to be done. That's how this world works and functions.

[Roseline492]

In trading, one could have $1000 and decide to divide it into 10 equal parts ($100 each) instead of risking the whole money at once, which is a very good idea to me. I do this often and it's a great idea to be more conservative, calculative, planning and consistent in my trading approach as the market is dynamic, no one knows the trade and the portion that will be most profitable, which is why this idea is wise. Except that DCA is more popular in Investment/HODLing.

Well just like you said is totally depend on individual mindset knowing what may work for them and what may not work for them, if diversifying your $1000 to different strategy that would help you in other not lose out completely if the market tends to work otherwise is good for you that's fine, but however the risk is likely to become much because the chances of getting it right all the time in trading may not be certain were as if anything happens on the trading capital it also affect your back up plans which is accumulating using DCA strategy and also affecting your psychology by losing interest on accumulating Bitcoin, But for me since I'm not good in trading and avoiding mental stress of what trading could course on me so DCA is well suitable for me and also it will enables me to accumulate as little as I can afford on a weekly basis.

[adultcrypto]

The stupidity in “blockchain technology” land. But this is very BULLISH for Bitcoin. Headlines like this is an example that more dumb money will go to shitcoins, then Bitcoin. Buy the DIP, and HODL.

Cardano will probably is not the next Bitcoin because there are better options there but Cardano is not a shit coin.

You are trying so hard to distract yourself and others from the direction of our discussion here. Even though I wouldn't want to engage you in the argument of Cardano being shitcoin or not, the temptation is high before you make us derail from our discussion here. Before now, did you believe that Luna will fail? Did you imagine that FTT that was competing with BNB will fail?
Trust me, if you focus more on Bitcoin, the chances of losing your funds will be very minimal unless perhaps through hacks or selling under pressure.

[red4slash]

~snip~

You call Bitcoin as being risky, yes it is... but still not risky as long as one understands how it operates. Your 1 Bitcoin bought at price 64k dollars and unfortunately the market experience dip and price becomes 15k dollars you still need to be acquainted on the fact that your 1 Bitcoin remains the same as of the former price as long you do not sell due to panicking, learning and knowing all this makes me feel Bitcoin is not risky at all except we are to look from the aspect of Bitcoin trading

The point you are making here is not to sell out of panic so that we don't feel the loss because 1 bitcoin is still 1 bitcoin right? and you say it's not risky at all? Indeed, at first glance there is nothing wrong with that, but do we think that we have to hold longer than we should? in my opinion it is a consequence of the risks we take. Isn't that a very closely related thing? So in general I disagree with what you're saying.
On the contrary, I agree that when we do not sell panic when the price drops far from the price we bought then we cannot be said to have lost because we still hold the same amount of bitcoin.

[JayJuanGee]

[edited out]

What? Hahaha. OK, are you saying that in a recession environment and during a phase when the Federal Reserve and other Central Banks around the world are fighting inflation through Rate Hikes and Quantitative Tightening, WHICH will also cause phases of monetary DEFLATION = It's a biased take to say that there's a higher probability that prices of stocks and commodities, many other assets could crash?

I doubt that I am saying that, even though I am saying that you are likely not as unbiased and objective as you are striving to put yourself out to be.

IF you're saying it's "biased" merely because it was I who posted it, then that's ad hominem, ser.

Oh gosh, you really can be a goofball sometimes with your fairly lame attempts at applying logical fallacies.

Whatever I might have had said, it is quite likely that I am not attacking you, but instead attacking your arguments.. and sure. .throw in a bit of flare, here and there for funzies and call you a goofball. hahahaha.

I suppose ultimately my already used words speak for themselves in the sense that I was somewhat attacking you in terms of your seeming attempts to act and/or present yourself as if you have some kind of a great grasp on macro factors and therefore presuming that bitcoin's price performance is also going to need to be correlated to things that might happen in the macro-world, even if we presume the things that you say to happen in the macro world were to play out as you already "objectively" and "unbiasedly" described, which is also far from a given, even if like you said, you are merely describing what you believe to be "greater likelihoods" blah blah blah.

[Odohu]

Holders have been using this method for a long time, whether they are day traders or long-term traders. And we have also seen that it is effective, and this is also where traders usually make money. Especially if we know how to feel the right timing of buying and selling.

It is obvious you need to revisit your notes on the DCA strategy to avoid mixing things up. DCA strategy have no connection with day trading and is more focused on buying at regular interval. It can be monthly buying, weekly or even daily buy... but it is concerned with accumulation in such a way that it will be done regularly, in a manner that it will not put one under financial stress.

Holding Bitcoin has its own strategy that depends on personal conviction, target and other factors. While some people are holding to profit from the next bull run, there are people that will hold Bitcoin and even pass it on to their heirs... I happen to be one of those. I have resolved that Bitcoin will be one of the treasure and legacy I will hand over to my heirs and I know there are also others like that.

[Winterfrost]

[edited out]

What? Hahaha. OK, are you saying that in a recession environment and during a phase when the Federal Reserve and other Central Banks around the world are fighting inflation through Rate Hikes and Quantitative Tightening, WHICH will also cause phases of monetary DEFLATION = It's a biased take to say that there's a higher probability that prices of stocks and commodities, many other assets could crash?

I doubt that I am saying that, even though I am saying that you are likely not as unbiased and objective as you are striving to put yourself out to be.

IF you're saying it's "biased" merely because it was I who posted it, then that's ad hominem, ser.

which is also far from a given, even if like you said, you are merely describing what you believe to be "greater likelihoods" blah blah blah.

Do you believe it can be possible?

It is so sad that we do involve the government and other political happening here in this discussion and how it has affected the stock and commodity markets. and how Bitcoin is no exceptional will crash. I know we are in a bear market in which multiple geo-political/ economical events are highly fueling the fire in dropping the price of Bitcoin. Without doubt i am getting to believe that people who talk about economic bla bla matters are the ones who are tired of holding and buying more bitcoin because its obvious that this factors have their advantages as well, the price of Bitcoin which is low, now good to buy even more at least a lot of average persons who has keen interest will be able to afford and accumulate some good amount at this period. Even a lot of people are holding risky altcoins that may never recover from the crash and they still believe it will go up, tell me why should we lack confident in Bitcoin because of mere economic factor which has been there from the start of life.