For the last 4 months there's been a lot of FUD and a lot of people stopped believing in the better future. What happened to bitcoin, when it went down from $20k to $6k seemed unique and frightening. And yet it isn't. During November 2013 bitcoin went extremely up in terms of the price and topped at about $1.2k. However, 2014 wasn't a good year for bitcoin, because it dropped from that high price down to $250 at the beginning of 2015, so I might've looked back than that bitcoin would never be great again.
But as we all know not only bitcoin recover (it took the coin another year to do that), but it also went up 20x since then. This year we have another very similar price drop. The only difference is that the market capitalization is a lot bigger and that lots of people care about what is happening with bitcoin nowadays.
So we really should not be afraid so much, since we have a historical example of bitcoin getting out of a similar situation before.
But as we all know not only bitcoin recover (it took the coin another year to do that), but it also went up 20x since then. This year we have another very similar price drop. The only difference is that the market capitalization is a lot bigger and that lots of people care about what is happening with bitcoin nowadays.
So we really should not be afraid so much, since we have a historical example of bitcoin getting out of a similar situation before.
You are right buddy.You have to take decision.Whether to inverse in bitoin or not.You should not fear about current situation,you should analysis the price in future aspects.Bitcoin is the most acceptable payment now.I had brought some bitcoin at the price 19,000$.Holding is the only option to eliminate loss at crisis I had to save my money in Bitoin.