RE: Bitcoin dropped and it is going to 5000$? Do not panic! Buy!

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Bitcoin dropped and it is going to 5000$? Do not panic! Buy!

in bitcoin •  6 years ago 

Why buy when you can wait for it to drop some more?
At least collectively.
Bitcoin's proof-of-work waste of energy for security purpose only is evil!
Byteball is better than Bitcoin.

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You would not know, when will it stop falling, and at any level below 6k R/R is great, so DCA is the most efficient strategy aATM.

This is why I wrote "At least collectively"
Bitcoin should be banned by the people.
Also, what you wrote assumes that I have a need for Bitcoin, when in reality I have no need for it.
You also seem to assume that it will rise and turn into a profitable trade after fees (both Bitcoin's own fees and exchanges' trading fees and both to buy and to sell), when it can also turn into a bigger loss.
I am against Bitcoin's system, not necessarily against every decentralized digital currency .

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And PoW is currently the only way to make it secure, which is actually the most important thing for the currency.

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