I Remember meeting with a friend last month and he was interested to buy Bitcoin and some other Cryptocurrencies. My advice to him was to wait until January as usually Bitcoin performs worst in the beginning of the year and takes off from there.
Here is Bitcoin at the start of every year since 2015, and why you should be Hodling now or even buying the dip.
2015
Look at the dip between January 10th and 20th, from a high of $320 to $170 by the middle of the month.
2016
Again we see the same scenario in 2016, almost the exact date.
2017
we dropped again at the beginning of 2017 from $1180 to $760 at the exact same period.
2018
Here we are now playing the same scenario as the previous 4 years, we might drop a bit more but the worst is almost over, and as usual, bitcoin does it again.
Disclaimer: this is not a financial advice to buy Bitcoin or Cryptocurrency but merely a history Lesson :)
when you told me this history Lesson i did not listen to you and i did not wait till jan but still ok i will hold now
thank you boss
We need to fall to learn how to walk, same goes here!
my father told me ones the smart man is who learn from his mistake but the smartest who learn from others mistakes
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Thanks for this but NO, I don't trust any link especially when it says free money!
Great advice khoya:)
Merci Khouya :)
how bitcoin kedepanya you think. .. ??
Definitely a buying opportunity for JUST about EVERY crypto on the chart. I took the opportunity to purchase Steem Dollars. I wish I had more money, as I would also buy so many other coins of great value, and this is likely the LAST time, you'll EVER see these prices. BUY! BUY! BUY!
Indeed, these prices will look cheap in a year time.
Very good friend.
Thank you!
Yes you are welcome.
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Good advice
Thanks!
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Thanks for this,at least now I can estimate the period when its value is at its highest
Welcome, and good luck with your investment!
Please sir, i would also appreciate it if u look up my post ,I promise you wont regret it. Thank you in advance
https://steemit.com/beststeemitpostthisweek/@annamighty/best-steemit-post-this-week-and-the-winner-is
I did look at it, and don't regret doing so, Many thanks for that.
You happen to be the few people saying the truth about the dip. People are just spreading panic-fobia everywhere whereas I see this as a normal thing though it seemed a little bit below a normal fall, that made me panick a little but like you said, this is the time, is stay on one's ground and hodl
I've been investing and following cryptocurrencies since 2013, and learned that every big dip in Bitcoin is a buyable one. It is an opportunity to get the good projects out there at a big discount.
Good post. Yes it does seem to be forming a pattern over the last few years. Still not sure if it's just coincidence or an ongoing correlation cycle but it's worth taking note of. Comparing the market of today with the market of 4 years ago probably doesn't hold many similarities, but those graphs can't be denied. There's still a lot of uncertainty in the market, and rightly so. Highs and lows will be magnified until things settle.