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.
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