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RE: After a dip like this, you know that many weak hands were shaken out of the game and Smart Money has just accumulated more crypto for the cheap 🤑

in #cryptocurrency7 years ago (edited)

I've been involved with Bitcoin for 5 years and so have seen some price volatility and it's always the same story - people get caught in the hype, buy at the top and end up selling when the price falls and feeling ripped off and disillusioned.

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I agree! In some ways we are still at a high point and it is risky to buy in. I am only adding small amounts to my investment because I know that every satoshi cycle has a downturn too. We may have hit critical mass and break the cycles, but if history is any indication, after we have topped we will be entering a long and slow bear market which could take a year to recover.