This is really sad because I have bought some Bitcoins at above $7,000.
RE: Is Bitcoin Overpriced? | Bitcoin TA
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Is Bitcoin Overpriced? | Bitcoin TA
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Sorry for that. But you could end up much worse. Some weak-hands are selling with more than 50% loss.
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I am a latecomer to the hype and speculation from October to December 2017 when it peaked at $20,000 - I thought the fall is just temporary on January 2018 and onwards due to my reading of articles predicting exorbitant rebounds of even up to 50k per bitcoin.
Luckily for me I did not buy at the 20k level.
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Congrats. But I still think that in the long-term, buying at - for example - 16000 USD is not really a bad thing. You just need not to worry about your investment and try not to unnecessary speculate on BTC price. As many people say... invest only money you can afford to lose. I know it is hard to resist to those news talking about Bitcoin going to zero, but your emotions are not reasonable and these predictions are definitely not realistic, just as those talking about 50K at the end of 2017. To newcomers, I can only recommend hodling (maybe it is a good idea to sell it back to USD when the market is up, but again... there will be your emotions playing a big role, they will try to force you to stay in the bullish market... but you have to sell your BTC sometimes - if you are not so enthusiastic that you would rather wait for the world around you to accept BTC)
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You got a 11.33% upvote from @emperorofnaps courtesy of @samotonakatoshi!
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I don't think it was a bad idea if you are interested in an longterm investment
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Exactly. The market is probably bearish for now, but in the long run, you will (probably) not lose. Bitcoin has properties that Fiat currencies cannot have, Bitcoin is here to stay.
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Bitcoin will exist until 2032.
After that there will be no need for it.
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You are planning to destroy the life on our planet, aren't you? :O
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lol !
There will be no more use for Bitcoin in 2032.
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Don't you advocate communism and hope that we will live happily ever after without the need for money? :O
Sha-256 algorithm will be compromised? :O
Governments will successfully ban all cryptos? :O
Governments will deregulate finance industry so that we can choose currency that is actually backed up by gold and that will be eventually better for us than Bitcoin? :O
There will be no more use for Bitcoin, because all the transaction would take place on its second, third and fourth layer? :O
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The west will loose its economic power to Asia (China) by 2032.
One of the major reasons if the not the reason Bitcoin had a this big rally is because Chinese use it to smuggle there money outside China driving huge demande for BTC.
80 % of terminals where in China.
Communism' socialism !? No not me to many people suffered because of it.
There is no way government will allow Bitcoin or any other token to replace the $ like many claim.
Let's enjoy this market for now. I think its still to small for them to intervene but wen it gets closer to a trillion + make sure to be prepared to exit :O
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Interesting prediction. I hope you are not right. :D
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Lol..
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I would say that's not a bad entry point considering it went to nearly 20K, just make it a long term investment and forger about it
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