Bitcoin has broken the all time high of 2017 and now it is around 19,000$. The worst part is that even on these level, we are not seeing any pumps and look like price may fall all the way to 10,000$ or even lower.
Once bitcoin was at 69,000$, who would have thought that bitcoin will go so low so fast ? Now what do think, where we are in terms of bitcoin cycle. I think we are already in th bear market since summer of last year and maybe the bottom/ end of bear market is near ?
Since I first know bitcoin until now, I have never been disappointed with bitcoin even I am quite proud and grateful to know one of the best investments ever, apart from real world work, I can also earn money from the advantages of investing in bitcoin so far, I personally make bitcoin as an investment asset even though the price is currently falling, but I believe holding it for the long term will be very profitable in the future, my only regret is that I didn't buy bitcoin when the price was only $900 in 2016. Once bitcoin was at 69,000$, who would have thought that bitcoin will go so low so fast ? Now what do think, where we are in terms of bitcoin cycle. I think we are already in th bear market since summer of last year and maybe the bottom/ end of bear market is near ?
1. You had been scammed
2. You do see your bitcoin investment had plummets
3. Your wallet get hacked
4. Irreversible transactions error or simply sent out funds in wrong wallet
5. Volatility
6. Regulation
In overall, if you do able to see out its actual utility and opportunity that it gives then you would definitely see the opposite thing.