Just a friendly reminder from an old-timer: psychologically prepare yourself for the crash before it happens.
I love Bitcoin and I've been deeply involved in it since 2015. It is without a doubt the best STORE OF VALUE ever devised. I fully expect it to surpass gold in that regard. So there is a lot of growth left.That being said, everyone here needs to psychologically prepare themselves for a 75% (or possibly even more) crash. Due to the extremely strict supply limits of this money, the bubble/bust cycle will NOT magically stop. This current bubble could take us beyond 10,000, and the crash could take us below 1,000. Get that in your head now. Let it sit in your mind for a while and absorb it at an emotional level.In the long run we'll all be okay and very glad we were buying so early. But in these happy times, just remember: This Too Shall Pass.
What do you think??
I doubt that "long run" is defined equally by everyone. I even read some people defining this period as "2-3 months", not years.
2 to 3 months thats too short!!! thanks for ur kind opinion.
The volatility will stay crazy but I'm not sure, if it will drop below 1000$. The most important reason is that the Dollar will inflate with the next meltdown of the global economy, but it seems also to be the case that all crypto currencies rely on Bitcoin as general intermedium. No matter what crypto you want to purchase,you have to go over Bitcoin. I am not sure if that is true (someone pointed that out) but if it is then Bitcoin is already the universal crypto reserve currency with a basically guaranteed existence of constant value increases.
yea bitcoin is mother currency in crypto world!
Congratulations @bulls! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP