So far, other than isolated situations, cryptocurrencies have not been used to facilitate commerce in the Mom and Pop World. They have been speculation vehicles that have drawn in people hypnotized by the out of this world run up in prices: $270 to $4700 in 8 months. Too good to be true. Sheep lured by the “Don’t miss out on this” psychology have bought, and bought and bought….
While we wait for Big Financial to take over this movement, if you own some Bitcoins, sell them now, please. Who cares if you miss some of the run up until it crashes?
Eulogy made by: John Lohr
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You see? It crashed!
Nope, wrong.
It corrected.
It went up 100% then dropped 30%.
Pretty common practice for Bitcoin.
It will happen again before the end of the year: going up to 5000 or even 6000 dollars, then crashhh down to 4500.
Who cares: it can’t always go up, it’s being heavily traded and manipulated.
Meanwhile you stay there and watch… watch… watch… LOL