My thoughts on the current Bitcoin situation

in #bitcoin6 years ago

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I get it, many people are nervous and just sold their Bitcoins, while others are in self-denial and just say HODL HODL to the moon.
Perhaps Bitcoin will go down and never recover...at all or it might peak at 10000€ only to fall once more. The thing is we don't know and the market is NOT rational. If people are crying over and over again it is probably because they invested too much and couldn't afford the losses. Guys, why do you think people keep repeating and repeating that you should invest what you can afford to lose. All of these emotions just do exactly the contrary of what you would like to see! Emotions will make the market go down even further and no HODL or 'oh manipulation' and 'lost mah 10000 Dollars' will do anything about it. The market simply DOESN'T CARE about you and your feelings.
Try to learn how to trade BTC in other altcoins and then back into BTC. HODL will not do much, but successful trading will actually help you to understand the market more and you will remain more calm. Having more calm minds will also result in less panic sells, which will benefit all of us.

But I also have to say that many Bitcoin 'specialists' with their price predictions of 20000 USD or 1million USD don't do any good neither. Sure I can also say Bitcoin will reach 1trillion. I believe in it and therefore it must happen, right? No, the market DOESN'T CARE. The market doesn't care for any of us!!