If the bear market makes you panic, you should listen to the advice of an experienced economics researcher and editor at Forbes, who bought Bitcoin for $14. When you pay more for Bitcoin price fluctuations, things are much more serious.
Intellectual enjoyment
Jeffrey Tucker understands the Bitcoin currency he holds. Not as an entrepreneur, businessman or trader in the strict sense, but as a financial innovation researcher. Bitcoin prices and cryptocurrencies are only an instinct for him.
Perhaps not all traders will resonate with this, but as a thorough understanding of finance and banking, and who have disliked the government-issued currency throughout their careers, understand a possible legal currency. The alternative is the ‘ultimate intelligence switch,’ Tucker said.
Support Bitcoin in a world full of haters and amateurs
Tucker supported the use of Bitcoin before many other journalists and famous fanatics appeared. You may feel that this will make him popular. After all, it turns out that the project supported by his article is worthwhile. From the beginning of his writing, the Bitcoin market value has increased by 300 times. If this is what you expect, then the truth of the matter is exactly the opposite.
Conversely, Tucker is seen as a liar. When Bitcoin prices rose, his critics said he was ‘making bubbles’ on social media. When Bitcoin fell, things got more dramatic — even Tucker didn’t think it would happen. Whenever someone tries to ignore you because you talk to them about cryptocurrencies, think about Tucker:
I was mistaken for some sort of picker, not because of anything I wrote, but because most people are intellectually unable to imagine that someone would appreciate it simply because of the beauty of a financial technology architecture. Do not care about its price.
‘Do you think it is really practical?’
‘Then forget about Bitcoin price today, think about it. This is a long-lasting battle.’ This is Tucker’s most valued recommendation when Bitcoin fell more than 50% for the first time after the rebound at the end of 2013. Now everyone is familiar with such advice, but 2014 was a tough year for both them and for Tucker (when Bitcoin fell from $1,150 to $200).
In Tucker’s opinion, price itself is not the point. The volatility of cryptocurrency does not have a reference value and does not reflect its practicality. In addition, the entire industry is still in the testing stage.
‘Thinking about the time span of Bitcoin development… It should be 5 years, 10 years and 20 years… Year after year, Bitcoin rose from $4K to $6.5K, an increase of 62.5%. Easily defeated the Dow Jones index by 18%.
The above is Tucker’s conclusion. However, because people are accustomed to observing current trends rather than focusing on the overall situation, many people think that 2018 is a disaster year, even though the market performance was even worse on the past few times, and later recovered.