Should we be worried about bitcoin value drop?

[DeadCoin]

Bitcoin works regardless of the price. There is nothing to worry about, even if it drops below $1.

Sure, it might still work but where is my $70,000 that i invested?

Guy who was getting out at the time you were buying, has spent it on the new BMW.

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[Argwai96]

Bitcoin works regardless of the price. There is nothing to worry about, even if it drops below $1.

Sure, it might still work but where is my $70,000 that i invested?

What was all that talk about bitcoin being a store of value again?

People make bad investments all the time. Bitcoin can go to $1, or less, and the fact is, the protocol will work the same as ever.

Bitcoin is love, bitcoin is life.

[spiderbrain]

Which might never happen, i hardly see it ever being 600$ again

You are in too much of a hurry for this kind of investment. If you bought in at $600 you could see how volatile bitcoin's price has been in the past, and will continue to be, despite the long term exponential trend.

[JimboToronto]

Should we be worried about bitcoin value drop?

If there was a value drop, then yes.

There hasn't been a value drop though, just a minor price drop.

Bitcoins are still worth 4 times as much as they were a year ago.

[JessicaSe]

Should we be worried about bitcoin value drop?

If there was a value drop, then yes.

There hasn't been a value drop though, just a minor price drop.

Bitcoins are still worth 4 times as much as they were a year ago.

The problem is, the value rise to $1300 makes a lot of people enter into mining and crash the profitability of it. Now it has drop back 3x causing profitability dead completely..

[culexevilman]

Just get out now and forget about it, why bother? This a game of patience.

[vuduchyld]

Price drops and rises happen. I've always said that you should consider bitcoin capable of going up 1000% or down 90% rather quickly, at any point. This is a new asset class that merges technology, finance, economics, and (arguably) politics into one beast. The price-discovery for such a thing is necessarily going to be brutally volatile.

Just keep assessing the fundamentals and forget about the price for a decade or so.

Great post...yet again, Melbustus!