I was on a forum discussion on bitcoin and there was this topic on how some investors are scared when some experts predicted that the price of bitcoin might fall as low as $5,000. So in fear, they sold all there holdings and I am sure that they would have made some lost with that transaction.
Most people calls themselves investors but with no knowledge of cryptocurrency. A real investor should have a better understanding of how the price of bitcoin moves. Looking at the past history in price of bitcoin, it so normal for the price to go as low as that. And with have happens before more than once, the price will always come back and rise above the all time high.
What they supposed to do is do is to be patient and wait till another bitcoin halving will occur and which is supposed to be around year 2024. By this time , anyone that has invested in bitcoin would make profit by then.
The price falling to $5000 should be good news for us all. By this we should be ready to invest in bitcoin in a very large scale. There are some people that lost the opportunity to invest in bitcoin when the price was in a tender stage. It is not too late if they will invest in bitcoin this time. No one knows when the price will be lower but one thing that is certain is that by next year, we will expirence another lowest price after 3 years.
I write this small post to let's those that are scared of the future of bitcoin to be calm because bitcoin has a very bright future and the price falling is normal thing as it will bring opportunity for people to invest in bitcoin. No matter what price that you invest in bitcoin, you will always make your profit.
The image used in this article is not mine. The image is gotten from https://unsplash.com
Thank you for reading!
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