So you have fear… you have uncertainty… you have doubt…
You think Bitcoin is burning and will burn until it implodes…
To everyone who has a severe case of FUD… do not fear anymore… sit back… go do some other stuff and relax. Bitcoin will rise again and take all other coins along with it.
How can I be so sure? I can’t. I don’t know anything, I’m just basing my opinion to the best of my knowledge based on what happened in the past and how I believe the future of cryptocurrency and blockchain will manifest itself.
Let’s take a look at some stats of the past:
Disclaimer: I haven’t verified these to be correct, I’m assuming that they are
Biggest Crashes in Bitcoin history
📉 – 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 because of MTGox stopped trading
📉 -49% Feb 2014 MTGox is gone
📉 -40% September 2017 from $5000 to $2972 because of the China ban
📉 -48% January 2018 Korea FUD. From $19700 to $8870 at this very moment
Bitcoin died quite a lot of times just to keep on living.
Moral of this story? Just HODL!!!
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Want to convert cryptocurrency? Easy does it with Changelly.
Want to buy cryptocurrency? Litebit is an excellent broker.
Or use an exchange like Binance.
The safest way to store your crypto is on a Ledger wallet.
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