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RE: The price of Bitcoin hasn't been fun, but have some perspective

in #bitcoin7 years ago

Thanks for the perspective. Resteemed. I am fairly new to crypto, and the one thing that stands out to me is there is a lot of speculation on coins by those who want quick profits. Nothing wrong with that, but they are so eager for profits they do not take the time to understand what that particular chain is accomplishing/seeking to accomplish. Nor are they evaluating why a price is doing what it is doing.

Even as someone who didn't understand crypto, when Bitcoin shot up so quickly last winter, I tried finding out why. There was no good reason it should have was my findings, so I stayed out. That large influx of money (that I suspect was from bankers) began pulling out and now the prices are falling back to where they should have been all along.

Everyone should practice due diligence before investing, and as I have read many times now, never put in more than you could afford to lose.