For the past days I've seen many people bashing bitcoin non-stop after the last loss in 50% of bitcoin value, I've checked many profiles of these people and recognized that these people never comment, never communicate, they are just waiting for the right moment to bash bitcoin out of hate.
I've seen many people bashing bitcoin for being bad store of value, lets look at few facts here:
- Bitcoin is the only representation of free market today, every other asset is traded mostly by derivatives in the stock market, which are keeps on being pumped with newly created dollars by the fed,
- You can't halt bitcoin trading, it's being accessible to people choices 24/7, unlike the stock market that could be halted for 15 mins so insiders can make some OTC trades in order to provide liquidity so the price won't continue falling.
- The fed does not pump dollars (your taxes) to keep bitcoin from crashing, unlike the stock market which is the main thing Trump cares about and takes it as the representation of the economy.
Final conclusion guys, for me, I've been in the game since 2014, since then I've seen much, learnt much, and read much.
As of right now, I'd suggest all REAL bitcoin HODLERS to remember why they have firstly invested, and stick to the plan, I know it have been harsh days, but making portfolio changes based on what you have read on reddit makes the situation even worse. And if it's really hard for you, get off the net for few days.
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