13424322, Bitcoin has already crashed several times. Posted by allStah, Wed Feb-17-21 11:14 AM
So saying bitcoin will not crash, is not understanding how markets work.
Since it’s inception back in 2009, it has had several crashes, with its biggest crash dropping from 20,000 to 3,000, and going up and down from there, until it’s current increase. So there will be a crash. That’s what markets do.
I worked in the stock market for 10 years, and have taken several financial courses on how markets move, and on how investors invest, and when to sell and when to buy. Crypto is a market, where prices fluctuate, and just like all markets there is a top and there is a bottom. There is a fall in price and there is an increase in price. No market escapes that structure.
One of the main problems with crypto is that you have people investing in it, who don’t know how markets work. They don’t know anything about price movement,etc They are just investing thinking that the price will continue to move up, WITH NO INTERRUPTIONS. And most importantly they don’t understand volatility.
This is not about crypto leaving or staying. This is about the market of crypto, what it is, and how it moves.
Also, I find it shocking, that in your reply you mentioned nothing about financial movement, market awareness, volatility, or most importantly, RISK ASSESSMENT. Your reply was more like ‘DON’T MISS OUT.
Hopefully, with your coin investment, you have a solid RISK ASSESSMENT plan.
And me selling my coins years ago was about taking profit off the table, and you’re never at a loss when you take profit off the table. Never.
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