Bitcoin will take roller coaster rides when it comes to price. The wild runs are never going to end. And that is why Bitcoin and profits with Bitcoin. The investor logic is that you must be willing to fail on any given trade. If there is a downside risk, it just means there was a previous upside. Ups and Downs are what trades are all about. Those who focus on profit know how the zero sum game works.
To many, profits are the only thing that matters. They are not bothered about the contribution to civilization or giving back or the usability. The use case means nothing – it is only about profits every minute and every trend.
Peter Schiff: “Do you know what’s worse than advising people to sell Bitcoin, then watching it rally 30% over the next week? Owning Bitcoin, watching it rally 30% in one week, not selling any, then watching the entire rally reverse and Bitcoin crash below the level it originally rallied from.
Lots of Bitcoin websites are posting online about how much Bitcoin has gone up since I recommended selling it at $18K. How come they didn’t also post articles pointing out how much Bitcoin went down after I was pounding the table to get HOLDers to sell above $60K, 50K, or 40K?”
There are lot of spammy recommendations on why to Bitcoin (BTC) and others on why not to buy Bitcoin. Such recommendations are here to stay. Since the price trends of Bitcoin take a very wild ride, the for bitcoin and against bitcoin recommendations appear to be true.
For instance, “Jim Cramer warned investors to stay away from crypto and stick to gold.”
Michael Saylor continues with his propaganda: “Bitcoin is a Master Piece, Digital Energy, future belongs to Satoshi’s children, Bitcoin to the moon, Bitcoin is Winning, Bitcoin is Stronger, your Best Friend” and the propaganda continues.
Also, propaganda like Bitcoin is hope for Africa, Congo, Venezuela, Brazil, and this goes on and on.
“The premises of Bitcoin leads to conclusions that are sometimes too good to think it will become reality. Analogous to peace on earth.”
Many who are not aware of developments are wondering if, “Bitcoin is the most secure and easiest way to send money around the world.”
Despite, Schools and Universities are beginning to teach Bitcoin!
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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