Exactly, the situation with Litecoin should teach new investors in bitcoin that they should not be worried about the price falling situation with bitcoin recently. Yes it is quite frustrating seeing the price go down, but it's a pattern and it's going to pass sooner rather than later.
Yep exactly, this is the key not only in business or investments but in every situation of life . Patience is the key, and these UP's and down's are part of business. So remain in touch and do give up, we should invest long term investment.
Yes, you are very correct about the importance of the being patient with one's involvement in this kind of situation. Not everyone can remain calm in the time of chaos, it can only be helpful when you have one guiding you in all of the investment you made.
Yes you are right, there should be a mentor in your personal life, either she/he your spouse or friend or any one els. You can share with him and it will help you to lessen your burden and will encourage you in any field.
Very true its very much dependent on the law of demand and supply but it has one advantage of being the first digital asset in this class of digital assets and so every flow of capital into the market must always have a positive impact on its growth.
I just checked the price, bitcoin is not $37K. Every minute price fluctuates. Volatility is the nature of bitcoin, If you do long term investment, maybe for 5-10 years, I think you can make a substantial amount from bitcoin investment. Bitcoin is a digital asset, payment medium, as well as money. No other currency has reached that status.
In my own opinion and from the look of things I don't think it would go up, since this year began top investors that normally invests heavily on it has stopped investing heavily, and a lot of people that were formally holding their coins are setting it off, reason for the price drop which is making it to depreciate.
Yeah, of course the price of bitcoin will be changing with very high pace as it is the first cryptocurrency with highest capital along with price and demand. Yesterday the price went 5000$ down and now it went the same 35000$.
That's the entire essence of more slush funds finding its way into Bitcoin because its an asset anybody is guaranteed that it will still be growing in the coming years. Its potential is still very huge and people just climb on its back to that zenith.
It's very normal the price of bitcoin peak and drop. There is little to worry about with bitcoin because it's the world's biggest crypto currency and it has been backed by many institutions and investors as a means of protecting their wealth.
