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Pricelessby@knut.svanholm
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Priceless

by Knut Svanholm2mJune 15th, 2017
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<span>T</span>he price of one Bitcoin fell a lot today. Less than a week ago it touched 3000 USD. Today it plummeted down to a little over 2100 USD. To the untrained eye this certainly seems like a huge drop. To those with a short term memory slightly better than your average goldfish though, this is merely a bump in the road hardly even worth noticing. The price was below 1000 USD at the end of March. And 2100 USD compared to one year ago still constitutes a 200% gain. And this is what the Bitcoin price does. It scares away the narrow minded and favors those a bit more patient. Good things come to those who wait as a beer advert once pronounced. That used to be a lie but not anymore. Not for Bitcoin. You see Bitcoin is a limited thing, a scarce resource. Every gain is real and every dip is a buying opportunity. The best time to buy is always <em>now.</em> Yesterday won’t come back. Remember what got you into this in the first place. Bitcoin is still the world’s first cryptocurrency and it’s still the safest one out there. It’s got the biggest infrastructure, the most hashing power and the most dedicated team of developers, despite all recent efforts to besmirch them. The current scaling issues <em>will</em> be resolved, it’s just a matter of time.

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Knut Svanholm

Knut Svanholm

@knut.svanholm

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