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RE: Time to panic (once again)

in #vincentb7 years ago (edited)

But the "Get Rich Quick" perception is absolutely correct...everyone who bought in the past made huge gains, but now it's known in the mainstream and millions of investors rushed in....the days of the easy money are gone, it's the same with all things, whether joining a company or buying a stock, the early entries win big and the rest fight for scraps relatively speaking. BTC may have a super bright future, but even if everything goes well, you won't get the performance in 10 years that you got in just a few months of investing in the past. It's just math.

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People who make the most money are those before the hype. I think the media hasn't done with bitcoin now because it's lost 70% from ATH. I guess we'll have to see what kind of news are coming next.

I believe blockchain technology is going to stay for a long time. The government is trying to control it. The media is trying to get something to write which makes the hype and the FUD a good source of articles. Imagine how many clicks they get when bitcoin lost 30%?