Bitcoin is now below $2000 for the first time since May, as the total value of the crytposphere drops to approach $70 billion. The panic sell is in full effect. Lots of people say that it's over, you should sell now. The bubble has popped. However, I see it this way:
Doubtful. The dot com crash was after a bubble the whole planet was involved in. This has gotten nowhere near that big. Example: how many of the people in your daily life could send you bitcoin/ethereum/etc if you asked them to right now? ONE of my friends just started investing small amounts. Other than that, nobody I know uses it. There is still a TON of room for growth. Also, just like me there are lots of investors just waiting for the bottom of this pre-August plunge so they can take advantage of it and buy.
it is good news for buyers and will probably fall further before the split - am now following you in support
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I wish everyone was as optimistic. I agree with this just being the beginning of something big for crypto. It's difficult to tell because the market is so volatile.
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