Topic: Rough Start - page 2. (Read 399 times)
I think it would be worth the patience to hold bitcoin, even if all the other altcoins were 0, but it still has value.
so far every year that I have seen bitcoin has started the year like this! with the same big drop in January and a little bit extended to first week of February even which will be the accumulation phase and then start soaring up.
last year in January price dropped from $1140 down to $917 (~20% drop) and stayed there until February 1st when it started rising back up again. same in 2016 and 2015,...
last year in January price dropped from $1140 down to $917 (~20% drop) and stayed there until February 1st when it started rising back up again. same in 2016 and 2015,...
It's always the trend every January.
https://coinmarketcap.com/charts/
Zoom the graph/slider to cover Dec, Jan and February. From there you can see that major dips are yearly occurrence and is actually the time to buy more coins that you think will have potential to increase 5-10x for the year.
If you are already in, just HODL, you'll be fine. Trust the historical data.
https://coinmarketcap.com/charts/
Zoom the graph/slider to cover Dec, Jan and February. From there you can see that major dips are yearly occurrence and is actually the time to buy more coins that you think will have potential to increase 5-10x for the year.
If you are already in, just HODL, you'll be fine. Trust the historical data.
I believe that bitcoins need to be divided from other coins. Meaning in it, if there are much better projects? I do not really like it for the current momnet - you can only earn x 10.
Despite the Bitcoin and Ethereum's rough start in the year 2018 as we can see the price of both cryptocurrencies dropping, bitcoin might hit $100,000 in 2018 according to Kay Van-Petersen who correctly predicted bitcoin's price on 2016 but reaching $100,000 would need to rally over 635% this year to reach that. Van-Petersen has a good track record where in December 2016, bitcoin was trading below $900 but he predicted it would hit $2000 in 2017, and it did! for less than six months later. He is also bullish on Ethereum thinking that it might outperform bitcoin, because it came after bitcoin and has a more unified relationship than it. He stands by his call and thinks that both cryptocurrencies will surge a new record this year.
So this should give new adopters to cryptos the peace of mind they should have when they are seeing lots of coins dropping the price and panicking to sell their share to get back most of their investment. Keep the faith and be positive in your own investments. What are your thoughts about this?
So this should give new adopters to cryptos the peace of mind they should have when they are seeing lots of coins dropping the price and panicking to sell their share to get back most of their investment. Keep the faith and be positive in your own investments. What are your thoughts about this?
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