The beauty of bitcoin is you can't make a leveraged purchase of it like you can real estate, so the temporary "damage" should be mitigated by that. I personally bought once it went mid 8s, not knowing it was going to touch mid 6s because at mid8s it still made sense to buy. You have to realize this is Bitcoin with a massive coordinated assault on it...and it's only down 66%. That's actually not bad compared to how other securities fare in the face of coordinated negative press, governmental fears and financial institutional assaults. I'm actually a bit encouraged by how well Bitcoin has done in the face of this.
You are viewing a single comment's thread from: