Bitcoin crash?

should i be worried about the crash? Bought some btc @ $9,200 as of writing this its around 8.6k. any thoughts?

 

It's not going to crash because it dropped 10% otherwise it would be crashing 5 times a week. Don't pay too much attention to short-term movements most are completely random and others are caused by privacy issues/government adoption. It's best to just look at the price every 5 years so you don't psych yourself out.

 

Yeah, I should prob do that, lol. Heard someone dumped 8k btc recently.

 

People psych themselves out too easily. I got $10 free bitcoin from coinbase last july. It's now worth $70. It's going to keep growing but there will be periods where it just stagnates or just drops completely.

 

ICO's are taking over. Money being inputted into ICO's.

 

Month over month ICO profits have fallen.

The price is most likely due to shorters

 

Yeh, But still you have to acknowledge that $$ is still going into ICO's even though it has fallen.

 

yeah stupid cash lol

most ICOs are scams IMO

 

Hahaha yeah true.

 

If you are trading short term, it's possible we might see BTC go to around $7,800 or it might go straight up to around $9,000 again which would invalidate the move down. There is no way of telling, you just have to be prepared for every scenario.

Reading your post I assume you are investing for the long run, which is a good! You shouldn't worry at your buy in price, well I wouldn't at least. You'll be fine .

 

+1

Like the new profile pic

 

A crash si never permanent talking about BTC. when it dorps, just buy!!