THIS IS THE MARKET RIGHT NOW
The past is an indicator of the future. The most incredible bitcoin sell offs have ALWAYS turned around to make amazing all time highs. And following, not only were there higher highs but the lows are always higher than the last low. Let me tell you the many reasons why I'm not worried. Since it's inception, people have declared the end of bitcoin as they are doing today.
Every time this coin and market has crashed, it's ended up going up at a new high. It's like clockwork. The talking heads are screaming, "I Told You So" all over the institutional financial channels.
THE TOP 5 BITCOIN CRASHES - BIG!
| CRASH DATE | LOSS | IDIOTS SAID WHAT? |
|---|---|---|
| June 8th 2011 | 94% | After a drop back to $2, Wired Magazine declares Bitcoin a failure |
| August 2012 | 50% | Experts declared Bitcoin over with a 50% loss over a 10 min period |
| Mar 12th 2013 | 23% | Tech industry investors said Bitcoin is unproven and worthless |
| Apr 10th 2013 | 492% | Again, experts said after this fall, Bitcoin would never recover |
| Feb 7th 2014 | 32% | The Mt. Gox failure "proved" that Bitcoin was not viable to trade |
JANUARY DOOM!
Crashes aside, It seems like every January, the price drops in Bitcoin and cryptos bring out the "experts" who yet again predict the doom and gloom and final end of this market. Some cheer, some cry.
At the time of the Mt. Gox drop, the market cap was only $9 billion. Today we are at $300 billion. This is still a bull market. Everyone of these crashes bring about a gigantic leap in the market prices after the naysayers declare the market and technology dead. Folks, this is not going away. Giants like Amazon, Walmart and Facebook are studying and already implementing blockchain technology.
Who cares how low this bitcoin price gets. You want it to go lower as that will present buying opportunities for you before the next run up.
STILL NOT WORRIED
You only lose if you sell.
Top Coins I Wish I Could BUY RIGHT NOW!
SOLA.ai
RISE
CVC
STORJ
BITCOIN
ETH
Thank you for the info @mericanhomestead!! Being new to steemit and crypto this helps!!😅
You just need to hold on and enjoy the ride. Please keep your hands inside the window. :)
VERY GOOD POST CONGRATS! FOLLOWING ANON POINT OF VIEW....
THEY CAN BAN IT IN INDIA THEY CAN BAN IT IN CHINA, BUT THEY CAN NOT BAN PEOPLE ACCEPTING COINS :)
#ADOPTCRYPTOGOD https://steemit.com/cryptogods/@mfg/l316uu4d
#CRYPTOCARTOONS#CRYPTOWORLD https://steemit.com/bitcoin/@mfg/blockchain-technology-in-near-future-deep-analize-of-humanity-fate-and-will-must-read-bitcoin-cryptotities-cryptokitties
HODLHODLHODLHODL
@ironshield
HODL!
I just joined the new world of steem and cryptocurrency. As a newbie I'm both curious and excited to watch it rise back up.
It will. Next month will be entirely different.
Sola.ai seems like a bad abbreviated form of Steemit. Its Shitpost Central every time I go there.
Unrelated but you guys should look into raising mason and leafcutter bees and putting up some swarm traps for honey bees this year! Would make for some good video content!
True that.. time to stop looking at the charts for a while and forget about your portfolio... I am sure everything will go up again like you said! Seem like a circle that repeats itself.
Exactly right. Three years, three January "crashes", three spring surges to new heights. Can we make it four in a row? Probably.
Rinse, Repeat, Go Higher!!
BitCoin Does This Every Year
Of course, right now, BitCoin is recovering a tiny bit because the DOW is doing a correction.
Ive only been in this a few months and it was going well but not so much now. Im not scared or upset that my holdings value has dropped over %60. I am upset that I cant buy more right now lol. Everyone please stay positive and HODL.
Watching it all and hodl my steem....
Yes, @mericanhomestead, if anything, the lower prices this time are probably orchestrated to give institutions a chance to load up.
492% crash? lol
A most positive statement of reality and historical events that are likely to be repeated.
HODL!
Zac you are hitting on all 8 cylinders with this one. Some poeple need to see this as a push down in the market so the big money boys can come in and make a killing.
It is a cycle that repeats every January. I just sit on my hands and wait it out. And sure enough, it always comes back up. You just need to be patient. All good things come to those that wait.
I may have jumped the gun when I sold off my Bitcoin as the price rapidly approached my break even point, but I still tripled what I originally put in, so I'm not going to sweat it too much. I was hoping it would actually dip a little further to buy back in, but that didn't happen...