Bitcoin will be back! Bigger than ever before

In the last few days, bitcoin has experienced massive dips, at some point falling below $8000. This has led many “analysts” to start spelling doom for it, with some even claiming that the charts were showing a death cross. For those who don’t know, this is a technical analysis pattern that signifies an impending bear run. But is that really the case? I think not! In fact, I believe we are primed for a major reversal that could see bitcoin rise to over $30k.

To understand why, you just need to understand market psychology. At a time when the market is bleeding, and the average investor is running scared, that’s when big money enters markets. That’s the time when high-value assets are usually selling a massive discount. You just need to look at the stock market in 2008 and 2009. At this time, the market was dropping hard, and people were running scared and selling, in a bid to cut their losses. However, not everyone was selling. There were some who were collecting everything on the cheap. I remember reading of Warren Buffet buying up companies in 2009. Today those companies are worth three to four times their 2009 values. Bitcoin and the crypto market, in general, is no different. Right now most investors feel like Bitcoin is headed to zero and are looking to cut their losses by selling. It is at this point of market panic that big money investors are coming in. Once the market reverses, many will be left feeling stupid for selling their coins at a throw away price.

There is also the fact a collapse of bitcoin would mean the death of most altcoins in the market. That’s because their prices are heavily interlinked to that of bitcoin. In essence, it would mean that the market is losing faith in blockchain technology. But is that really the case? Every day we here of new adoptions of blockchain technology. We have seen massive adoptions of Ripple, Vechain, and many other blockchain projects. This is an indication that there is something great about this technology, and which gives it the fundamentals to continue growing over the years. As such, chances of bitcoin and other cryptos going down to $3000 and below are almost zero.

As a smart investor, this is actually a massive opportunity to buy bitcoin and wait the uptrend. If past trends are anything to go by, you can expect the price of bitcoin to come back harder than it ever did. Highs of over $30k are very possible!

PS: THIS INFORMATION SHOULD NOT BE CONSTRUED AS FINANCIAL ADVICE.