No doubt the hawks are out swarming around the fact that bitcoin has gone down in price against the dollar. This is nothing new for long term bitcoin holders. However, it may cause other newer more speculative investors to leave the market sooner rather than later. When you read CNBC articles, which is mainstream, saying things like “Bitcoin has gone bust” (CNBC, 28 March 2018). You wonder if this sort of sensationalist journalism designed to capture attention will hit the mark with the public. I mean what a statement to make or am I wrong to point this out?
This is where investor discipline matters. Those who have seen stock markets go down and sold have lost when markets eventually recover and go back up. There is always a recovery as sure as the governments will always issue more debt. However, look on the bright side uncertainty leads to opportunity. You can never make money by doing what everyone else does.
Everything stated here is opinion and should not be considered investment advice. So.....too the moon with bitcoin and keep hodling 😊
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