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RE: WHERE IS THE BITCOIN BOTTOM?

in #steemsilvergold6 years ago

I had to make this mistake and learn it the hard way. Pain, failure, and regret are the best teachers for teaching the best lessons. Once you learn what those lessens are, it gives you more patience to wait-out the downturns which are a normal part of life and trading in the markets. A lower price on BTC simply means that we will have to wait longer for the recovery we are all looking for. It will come, and so will another mania. If you are here now, you will recognize when the next mania comes and will be able to sell for a big profit. These cycles take years to play out, but I think it will be faster to see and repeat in the current crypto markets. Mass adoption has not yet occurred. Once cryptos become easier to use than cash and credit cards, cryptos will become "the next currency," and we'll start to see some real gains. But, it will take businesses a couple of years, or longer, to adopt the new payment system.

When credit cards first came along, the same thing happened - people trusted their worthless paper cash, and not the new plastic - because they do not know what real money is. Real money is silver and gold. Paper, plastic, and cryptos are "currency." There is a real, subconscious reason why people distrust cryptos: they are not "real," and they can be easily lost, stolen, or destroyed. Once systems are put into place that let you spend your cryptos on a debit card, and they become more widely adopted, then it will seem more safe, familiar, and easy for people to understand and use. Then we are off to the moon again!

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