₿ Stop Stressing Bitcoin Is Never Leaving
The day to day transactions that gone on which might seem doom and gloom from headlines actually paints a very larger and positive picture. That picture is that bitcoin is not going anywhere and is here to stay.
Bitcoin continues to hold around the $7,000 level and even if it went to the $6,000 or even $5,000 level that still means we increased value by over 100% in the course of time shorter then a year. No other industry has ever accomplished this and no matter how many governments, banks etc try and stop it the price continues to hang around the same levels clearly showing bitcoin is here to stay and only mature and go up in value.
This to me proves these are the times to still enter into the crypto market in full force and that bitcoin yes still remains supreme in terms of value.
The changes for some off the wall crypto coming out of no where to crush bitcoin and provide huge advantages seems extremely slim as many already provide better alternatives in terms of transaction times and cost. But yet bitcoin still remains number one in market cap.
Exactly one year ago the high was $1,198 with a low of $1,170 (closed at $1,184) on GDAX.
Even if the price were to drop to $5,000 today we would still be up 417% on the year!
We are currently up around 581% this year, even after the corrections.
Bitcoin will continue to gain in value, but people need to keep their emotions down and accumulate as much as they can while it’s cheap.
Good read...thanks for the info and perspective. I do agree that now is a good time to get in the market, especially compared to those that may have entered a few months ago and who may has suffered some heart ache! I definitely don't have lots of spare fiat to throw around, but I have definitely hit the "buy" button on my Coinbase app more than a handful of times over the couple months trying to stack up my Bitcoin and Litecoin! Either way...I wonder if April 17th is going to impact the market as much as it could! Great post! -Respect
I have a gut fleeing most crypto is bought bc it looks cheaper. I can't even fathom how people say ripple is a decentralized crypto. I respect what they are doing but they are also lying on what they are.
People look at bitcoin and say it too expensive and look at ripple that cheap or maybe verge. No verge fan has yet to explain me how it more anonymous that Monero. I can get the same or even better privacy by using tor on bitcoin and same coinjoin shit(is it better than Monero hell no).
Bitcoin has believers and many alt coin have people who want to dump their bag once they make a profit. Steem has true believers who can back up their beliefs :)
Ripple pisses me off thats its even anywhere near the top ranks. It seriously drives me wild why anyone would want to invest it in.
I respect its tech, but ripple has no value to banks. Banks don't use ripple they use the tech. I miss the original ripple-opencoin. Stellar Lumens is more respectable alt to ripple and does the same job but more decentralized but still I won't buy anything that helping fiat banks.
After reading your good analysis, which gives me a lot of hope, can you talk about STEEM and its behavior? in the market because he has also come down a lot.
Steem is going to be a tricky one to predict as there is so much of it earned day in and day out compared to other coins.
It also depends on how much SMT are going to be used so far I have seen little to nothing going on with them. If they catch on and become a big part of steem it could jump the price drastically.
could in theory a dex be made with smt. That way we could in theory trade our sbd for smt?
I can’t help getting stressed 😫 now I know George Soros is coming to the futures market. Is he going to use btc as a safe haven like all the gold he’s been buying, or will he short btc and put me in a lunatic asylum?
Bitcoin is never leaving, nor is crypto. I have been saying this is the time the patient is just taking away from the impatient.
It's hard not to be stressed about this but we need to keep going, with positive attitude. Bitcoin is changing the whole world economy and it's not gonna disappear anytime soon.
Patience is key, steady grow is better than parabolic grow, the grow must be proportional to the tech development and adoption
Thanks for sharing
I do believe bitcoin is a keeper. I dont caught up in FUD because the media creates this false impression about concepts that they really don't understand. Bitcoin and the cryptocurrency space is a environment that is changing by the day but the media will focus on the negative to push the newbies into selling there coins. Stay focused guys bitcoin is the big horse in this race.