In 2013 to 2014, Bitcoin crashed from $1000 to $200
From 2016 to March 2018 Bitcoin was:
$1,000 to $20,000
$20,000 to $6,500
$6500 to to $12,000
$12,000 to $7,500
Bitcoin is the most "feared investment" after going up from $1 to $10,000 in 9 years and big names saying bad things for Bitcoin and cryptos
Well, you just summarized and said it yourself but this was by looking it on a negative aspect. If you consider the jumps and pumps, one can actually earn threefold of their profit if they let time matured their investments. Going back, 5-6 weeks ago the prices of bitcoin fell to around $6800 and after a week, it regained its current price by around $8000. If people invested when the dip happened, then they would have at least earned profits relative to their short-term investments.
That is why bitcoin is categorized as a 'high-risk, high-reward' type of investment due to its nature being volatile and decentralised as compared to other investment mechanisms. Like in any other investment that you make, consider all of your money invested as the money that you are willing to lose in order to mitigate the damage once its price decreases significantly. Only invest the amount that you are willing to lose but this may also hinder you from earning large amounts of profits. The choice is yours to make!
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