Friday 2 February 2018

Lesson - History of Bitcoin crashes


Bitcoin has spectacularly 'died' several times📉 - 94% June-November 2011 from $32 to $2 because of MtGox hack📉 - 36% June 2012 from $7 to $4 Linod hack📉 - 79% April 2013 from $266 to $54. MTGox stopped trading📉 - 87% from $1166 to $170 November 2013 to January 2015📉 - 49% Feb 2014 MTGox tanks📉 - 40% September 2017 from $5000 to $2972 China ban📉 - 55% January 2018 Bitcoin ban FUD. from $19000 to 8500I've held through all the crashes. Who's laughing now? Not the panic sellers.Market is all about moving money from impatient to the patient. You see crash, I see opportunity.You - OMG Bitcoin is crashing, I gotta sell!Me - OMG Bitcoin is criminally undervalued, I gotta buy!N.B. Word to the wise for new investors. What I've learned over 7 years is that whenever it crashes spectacularly, the bounce is twice as impactful and record-setting. I can't predict the bottom but I can assure you that it WILL hit 19k and go further beyond, as hard as it may be for a lot of folks to believe right at this moment if you haven't been through it before.When Bitcoin was at ATH little over a month ago, people were saying, 'it's too pricey now, I can't buy'.Well, here's your chance at almost 60% discount!With growing main net adoption of LN, Bitcoin underlying value is greater than it was when it was valued 19k. via /r/Bitcoin http://bit.ly/2E9GCNa

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