Bitcoin’s price is down over 10% from its all-time high and its critics are taking victory laps this week as bitcoin has plummeted all the way back to… $97,000.
It Bitcoins are still worth almost $100,000. It is crazy to me to think that the “dip” is back to just under that important milestone, and really shows how far this asset has come over the last 15, going on 16 years.
YearThe bitcoin price is now up by over 128%. And By historical trends it enters its third year with a price increase before experiencing a major correction. So this tells me that bitcoin isn’t done pumping yet, it’s just taking a breather before its next leg up.
It can be frightening for newbies to HODL bitcoin. Bitcoiners. This asset is volatile both ways – which is great when it’s pumping but it makes people rethink their lives when it’s dumping. If You are worried because you just bought the top local price of $108,000. I can help. Bitcoin for almost eight years now – you’re going to be fine.
This It is healthy to pull back, and you only need to worry about stacking up more bitcoins today than yesterday.
It Learn the basic principles of Bitcoin Understand this new asset class rather than worrying about the daily price fluctuations of Bitcoin. Bitcoin The wild animal will experience downturns as harsh as its upswings. This volatility, even the downturns, are a good thing for many reasons – it creates opportunities. Especially New bitcoiners can stack bitcoins at lower prices to benefit from the initial investment.
Whenever you’re in doubt, it’s always important to zoom out and see the trajectory that bitcoin is on. Bitcoin Two possible scenarios are:
1.) Bitcoin The value of the dollar will drop to zero.
2.) Bitcoin The price will reach millions of dollars and even more.
You think? Bitcoin Option number one is out of the question, as it has already proven that it won’t fail. Meaning The second option is most likely.
And You should always keep a large amount of bitcoins in reserve for the worst case scenario.
This Article is an Take. Opinions expressed are entirely the authThe following are some examples of how to use's and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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