Hey everyone. So a lot of us lost A LOT of money overnight and I'm here to say that that's okay! That's part of the fun! It's a roller coaster ride on a monetary revolution that WE get to be a part of! That's amazing!
I can't help but notice how many people panic sell. We need to be patient. Panic selling is about the same thing as having a bunch of money, seeing its value go down slightly, so you throw it all into a lake out of fear. You may as well burn money.
Bitcoin is NOT going to zero.
Remember, Bitcoin went from 2k down to 1k. From 3k down to 1.8k. From 5k down to 3.2k. From 6k down to 5k. Fom 11k down to 9.2k. From 19k down to 13k. Now we see it go from 20k to 12k and we freak out and sell? Hell no!
We're far from the finish line. We've seen this pattern before. Let's all take a chill pill and be happy for the discount prices we're getting.
I personally think this drop was a result of a big banker selloff which caused some panic in the markets. But that's fine. We continue to build and the demand gets bigger by the day.
On top of that, the options with altcoins gets more and more amazing all the time!
This game has just begun!
Now there are some serious problems with Bitcoin lately that need to be solved by the Lightening Network as soon as possible. A few months in the cryptoworld is an eternity as the market's infrastructure grows all the time, leaving that which is antiquated in the dust. So in a market based on competing currencies, application, demand, scarcity and you name it, the transaction fee and wait time issues need to be solved. Seriously. This it a MUST.
So I hope Bitcoin Core gets on with it and shows us this apparent fantastic network they've been telling us about for too long already.
I have hope for it, it's just a little annoying when businesses across the board have stopped using Bitcoin and are looking to things like Bitcoin Cash. Kind of hard to explain to a newbie why Bitcoin is so amazing only to tell them to cash out and into something else. Or convince a business owner to take Bitcoin only for them to have countless issues and then have to convince the same business owner to get into Bitcoin Cash or Dash or EOS all over again. It's frustrating, but we're well on our way regardless. These problems will appear very futile and tiny further down the line. We will laugh at these issues one day, just like we laugh at the notion of dial up internet today.
So hold on to your boots. We've got a long way up the mountain and I don't see the top!