Unless you're living under a rock, you must have noticed that there's been a huge drop in value of cryptocurrencies in a whole, especially of the Bitcoin that crossed the US$ 9000,00 line yesterday the lowest daily value ratings since the beginning of the year.
Investors across the world are extremely concerned because of this plunge, since no one likes to lose money, right? A tsunami of speculations ripples on the market and as the coins market value drops heavier than a Skrillex beat, investors pull their cash out of it.
Scary, isn't it? Image source
The problem is that it's not only the Bitcoin that is dropping. Other currencies, like the Litecoin and Ethereum, also suffered severe drops in market value. It seems to be a pretty miserable situation for everyone, right?
Not exactely. Since the cryptocurrencies are dropping, new investors have more power to risk buying a few shares to initiate in the market. This period of loss might be interesting for people that believe that the market will stabilize and grow again. It means that a believer will buy the currency at a lower value and has a clear chance of earning a good share when the market returns to its normal state.
It's a matter of when, not if. The said "bubble" bursted, but like any market, it'll regenerate and resume the climbing. It's a cycle and, like the saying, fortune favors the bold...and the patient.
So don't lose your faith. Have patience and you'll be rewarded!
Peace and steem on, guys!
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