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RE: Bitcoin is sliding, again. What's causing the drop?

in #bitcoin7 years ago

Thanks for composing an informative post that helps investors gain some perspective surrounding current Bitcoin fluctuations. I think the fact that there was a massive surge in mainstream attention and interest in Bitcoin and Cryptocurrencies in general late last year brought with it many new, and quite naive, pseudo investors who felt that Bitcoin would rise perpetually. It didn’t and as a result scared money pressed the exit button which I think we will still see throughout the next few months at least.

Given this, I think what is important for everyone to remember is the underlying principles embedded in Bitcoin and Cryptocurrencies and what role they will play in the future. If you truly believe in it’s innovation then don’t worry about drips in it’s price as it will eventually rise once again. In fact, I would suggest that the majority of us should rejoice when the price falls as it illustrates a phase of greater investment opportunities for future growth.