How low will Bitcoin go?
As predicted by many, we are currently experiencing a massive sell off of Bitcoin and Altcoins. Most coins in the red has everyone guessing, where is the bottom? 4000? 3000? As I write this BTC is hovering around 6300 and the pattern still working its way downward. I am hoping we will see the bottom within the next few days. I do want to say, as painful for some as it might seem, that this correction is much needed and a good sign of future health of the cryptocurrency market. We need these corrections as they help bring stability to the market and always remember that this is a game of patience. The market can rise up just as fast and crazy as it's dipping right now. This is a healthy reminder that anything can and will happen, not just in crypto but in life. I can't wait to see what happens next! This is an exciting time to be alive and witnessing the birth of Cryptocurrencies and the way they are about to change our world. Consider this downtrend as a speed bump in the massive wave about to affect our entire planet.
Sending massive love to all you out there and don't forget to HODL!!
I got in just recently and am deep in the hole now. But if its going to go up again it might just as well completely plummet before that, to give me a second chance of buying. Cheap this time ;) Nice post :)
Thanks! Yes! We have to remember this is a waiting game an this is just short term pain. Looking good today and hopefully we are ready to go back into a growth cycle. Good luck!