I'm a relative "old timer" when it comes to Bitcoin, having gotten into it in 2011. Subsequently this is not my first or second bubble. For those of you panicking right now, I'd like you to consider these three questions
Has Bitcoin maxed out already at it highest number of total users that it will ever have?
Have those users invested the maximum amount of money into Bitcoin that they ever will already?
Has the Bitcoin infrastructure reached the maximum maturity and total distribution that it ever will.
If the answer to any of these three questions is no, then the long term price will likely be higher. If the answer to all three of these questions is no, then the long term price will certainly be higher.
Breathe, a delating bubble can take weeks or even months. Don't put in more than you can afford to lose, and next time have a plan from the beginning so that you are executing that plan and not reacting to your emotions.
Submitted December 18, 2013 at 08:20AM by conv3rsion
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