I feel very fortunate to have a close friend who has been in Bitcoin since 2011. While I sadly didn't take much notice of it until this past year, he is someone I can always rely on for credible advice.
He said in June-November 2011 it fell from $32 to $2 and that was the only time it ever had a chance of vanishing off the earth. Even after the 87% from Nov 2013 to Jan 2015 he said there was panic, but for what reason? The price fell from $1166 to $170. His opinion was that even in 2013 it was so far spread out amongst owners it was here to stay.
The mainstream media like Jamie Dimon wants you to believe bitcoin will go to zero. Really..... isnt this the guy whose Chase Bank actually would have gone to zero if it weren't for a billion dollar bailout in 2008.
During this time I have more respect for my friend then ever, knowing that he has held on throughout all these years. I too believed at one point he was lucky, but now I know for certain he is the smartest person I know.
