The cryptocurrency market is crashing, but some of the biggest Bitcoin wallets are ‘buying’ Bitcoin. Bitcoin is on Sale for 50% off.
The cryptocurrency market in 2018 alone has had two major ‘crashes’. The most recent dip being parallel to the Dow Jones, which suffered a crash of 1000-points. Don’t get me wrong it’s scary seeing the total market cap go from $825,000,000,000 to just under $325,000,000,000.
Some previous Bitcoin price 'crashes':
- June 2011 dip of 68%.
- August 2012 dip of 51%.
- April 2013 dip of 71%.
- November 2013 dip of 45%.
- February 2014 dip of 49%.
- June 2017 dip of 36%.
- September 2017 dip of 37%.
This does not mean the industry or in this case the technology is flawed, but it also does not mean its perfect either. You need to understand — it’s a long-term investment when it comes to cryptocurrency. It’s not weeks or even months long. Think years.
To give you some insight. Did you know that in 1994 email adoption was 0.25%? Everyone knows where email is today. To date only about 1% of people are using cryptocurrencies, can you imagine what’s going to happen when adoption goes up to 5%. The Bitcoin supply is limited and we are seeing these dips over and over for years, but the rebounds were always way more significant — keep that in mind.
The biggest reassurance that this technology — and your investments — will be safe is how it works as a security for people that have none. The vast majority of the world does not have access to banks. Cryptocurrency is shattering the modern foundation of banking and changing the fundamental way of storing and sending funds. Banks have been taking steps to stop cryptocurrency for years. The most recent being the restriction of all credit cards from being allowed to purchase cryptocurrency. If you think banks and credit companies are banning cryptocurrency purchases to protect their customers, I have a bridge to sell you.
Remember never invest money that you can’t afford to lose.
Never panic sell.
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