The lower it falls....

in #bitcoin6 years ago (edited)

the more I can buy :)

Does this mean that I am just stupidly invested into something that cannot work or will the world realise they were selling me btc at a ridiculous discounted price? We will know for sure in a few years.

bitcoin-2868703_1280.jpeg
source

One thing is sure, there was a lot of stupid capital pushed into bitcoin end of 2017. I went to a local bitcoin meetup then and what I saw there was scary. Lots of people with no idea what we are doing, just in to make quick money and get a lambo.

Now these people are all leaving and the bear market will only end when the majority is flushed out. Pain needs to be delivered and it will be served. But the true believers of the potential of the technology from a philosophical point of view will not leave (unless we starve ... maybe then? :)). I view every new crash just as a chance to buy more.

What really matters is the development in the crypto space. Just look at September 2017, so much has has changed since then.

I dont care much for the crashes, when rappers started to make btc songs it was clear they had to come at some point. I just hodl and buidl.

Sort:  

This is definitely the longest bear 🐻 in BTC...I’m loving it!!! Been riding those waves all the way down...I’m more scared of getting burned selling out and then having a bull run.

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by frdem3dot0 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

@frdem3dot0 Thank you for not using bidbots on this post and also using the #nobidbot tag!

Coin Marketplace

STEEM 0.24
TRX 0.11
JST 0.032
BTC 61166.56
ETH 2987.63
USDT 1.00
SBD 3.71