Why The Bitcoin Price Drop Is Really Good News
Why The Bitcoin Price Drop Is Really Good NewsLooking at a Bitcoin price “candlestick screen” is no way to go through life. If you are day trading Bitcoin, or are in Bitcoin for the short-term, to make a quick hit, this article is not for you. If you think the U. S. Dollar is going to be the global currency for the rest of your waking days, turn back now. If you think gold and silver are the only “real” commodities worth investing in, you are free to leave the room. Also read:В Why Bitcoin Value vs. Dollar Doesn’t MatterThat is for the Bitcoin full-timer. The lifer. The person who gets paid in BTC and knows how special it truly is. You learned about Bitcoin one day and said “This is going to change everything! ” The one who owns a Bitcoin business, and sees it as “The Future of Money”. To you, Bitcoin is The Internet 2. 0. You are a little down because of the Bitcoin price drop, and you just need a little pick-me-up! Well, here is your Bitcoin pep talk, ladies and germs! Fret not, little camper! Turn that frown upside down! I will give you four very good reasons not to fear the drop in price, but rather to embrace it. Wear it like a merit badge, young Eagle Scout! Your “Eagle Eye” for the next great global currency and online protocol was indeed right on the mark. This price drop doesn’t scare you, does it? Rich people see an investment’s value drop, buy low, and then sell when it rebounds. Poor people buy high, panic, and sell low. That is the easiest and most obvious reason. Buying something that was once almost $1200 for less than $400 is aВ goodВ thing. The only way this wouldn’t be a good thing is if you think Bitcoin is dead, and it is heading down to Ground Zero. Bitcoin has had more dirt thrown on it, mostly from the mainstream media and private interests, than a dinosaur’s fossils. When Chunky Soup goes on sale for 30% off this week, you don’t avoid Chunky Soup because it costs less. You see it as anВ opportunity to buy. Why avoid buying Bitcoin when it’s price drops? В The rich buy the prices of an appreciating asset drop. They seize the moment. Bitcoin price must rise over time. It has proven that it’s value model works. So take advantage of the short-term sellers, and treat it like a coupon at your favorite store.
