Panicking About the Slide in BitCoin Price?
Whilst some people are panicking about the slide in BitCoin price in the past few weeks I see a great opportunity as we get closer to the resolution of the BitCoin scaling issue.
By mining BitCoin I am decreasing my immediate risk as I am not holding great amounts of Bitcoin whilst it goes through this unstable period.. Instead by mining BitCoin I can use it to compound for greater profits once the scaling issue is concluded and the price regains its drive upwards.
Whichever way you look at it historical charts point to a continuous upward growth trend as it becomes more mainstream.
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Rebuy after segwit
Don't underestimate how low the price can go. Bitcoin has exploded in value in a very short time, you could see it drop to painfully low levels and it would still be up for the year. Don't invest more than you can afford to lose.
cool thanks for your input @theabsolute !
Now is a perfect time to buy! Only panic sellers will see massive loss!
true that! @techstar581
No need to panic, Bitcoin is the future :)
Solid post. Interesting to see I'm not the only one that is thinking about this. The biggest group of uneducated investors in mankind get's a shot to determine the price of a crypto. It's an interesting world we live in. Does anyone know about: https://www.coincheckup.com Since I use this site I make so much less basic investment mistakes. For example: https://www.coincheckup.com/coins/Bitcoin#analysis To see the: Bitcoin Research report.