It’s panic that dictates the sentiment right now. The majority of the people without any real experience can’t stand the pressure of how the market is moving up and down. Easiest way for them is to sell. But as mostly happens — these people end up buying back their coins at a premium. But hey, who are we to judge how they react to market panic. I rather take full advantage of this whole situation and buy at sub $900 levels, and that’s exactly what I did.
I think that the problem is that a lot of people also buy into bitcoin intending for it to be a currency as well as an investment. When they think that their ability to spend will be hindered a lot of the time for whatever they’re doing, they’ll store in more stable currencies until the heat is off.
Still, if the price goes down it’ll just be an opportunity for someone who was more prepared, and I hope that no one put in too much money for them to handle.
I doubt people that purely look to make an investment also look at it from a currency point of view. bitcoin is for the majority of the people just an investment tool, which clearly shows as people aren’t willing to spend their coins. Especially not when they have the feeling that their coins will gain more value overtime. Regarding over-investing, it’s a common thing here in the bitcoin world. That’s why people tend to dump far sooner than when they would have invested a more appropriate amount into bitcoin.
Published at Sat, 25 Mar 2017 22:07:20 +0000
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Foto: João Victor / Voluntário
By campuspartybrasil on 2014-10-09 21:56:43