That indeed is the question.
Looking at the graph above, even at 3000$, Bitcoin still had an awsome year, and me personally, am looking to buy a bit more somewhere between 3000-3500$.
If you bought at 4500 and are already in despair, you should HOLD! You will thank yourself in 4 years time for sure. It's quite visible that lots of cash is being taken off the table, because of the news from China, and JP Morgan claiming bitcoin is a massive ponzi scheme.
China is pushing NEO, and people have been saying Bitcoin is a pozi since 2009. Now comes the CEO of JP Morgan, a institution we all respect and trust :D
Bitcoin is here to stay, and any good alt-coin concept will grow along it's side.
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Remember you only lose if you sell at a loss. The rate of adoption for crypto's is still a very small % of population, and the entire environment still has a very long way to go.
As I edit this post, the market looks like it's stabilizing. I personally am going to wait for at least one week, and if you're really new to crypto, you should probably do the same. I'm not telling you to buy, just when not to :)
Bitcoin is a new, unprecedented invention. Some reputable economic analysts estimate it could reach highs of 1 million or more, others say it's worth Zero and always will. Do your own homework, only invest what you afford to lose. Consider it like a bet, or a lottery ticket, because nobody really knows it's true value, we just know that it's unstoppable..
If you find this article helpful, please help us back with a resteem :)
Thank you for reading.
I was one of the first time $4500 buyers. Timing has never been my speciality ;) No choice but to HODL!
I've been studying this graph and the community since 2013. I'm not much of a trader either, but I can hold forever. Just spend what you afford to lose, and relax. This is a long game, where patience pays off ;)
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