You are viewing a single comment's thread from:
RE: Bitcoin having worst week in more than 2 years, but it's not just Bitcoin...
Basically people are being reminded in a very abrupt way that the infrastructure for the virtual currency space is still very much in it's infancy and liquidity can be a problem at times.
It seems like a harsh reminder at the moment.
However, I am reminded of Andreas' talk about Sewer Rats and Bubble Boy. We need attacks like this on the infrastructure so we learn our lessons.
The trust of the masses must be earned by our learning curve right now.
That is so very true in how sometimes we can have that liquidity in our virtual currency world. Growing pains are painful, but the outcome will be most beneficial for those who are patient.
Absolutely.
Thankfully, we are on this side of mass adoption.
I don't think we have come anywhere close to mass adoption - these are these teething pains :)
Agreed.
Watch out below. What will happen when the stock market crashes or when they announce a recession or when a gov shut down occurs????? Fiat currencies are risky. Most of the money made is either longggggg term investments or by crookery.
Truth.... speak it.
Its time to buy I should say.. As an avid trader you should buy @ every dip and I bet it will go to 3300USD in near future..
So Buy some and hold .. "Diversify and hedge"
I agree, it is time to buy.
I'm in the U.S. and bitcoin kept teetering on that $3,000 line before it dropped off. I would not be surprised if it breaks through to your $3,300 price target on its next run.
It's funny how the age old advice continues to ring true - buy some and hold... "Diversify and hedge."
Yeah.. old is gold.. alwayss