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RE: It's carnage out there in crypto land! What's going on?

in #cryptocurrency7 years ago

Just look at the history of Bitcoin - it's had many crashes of this magnitude. The last huge crash was back in 2013/2014 and led to a period of stability where the price settled at roughly $200-$300. Smart people acquired during this period.

I think essentially, the latest volatile speculation bubble has just popped, and we're going to see a slow descent until it evens out and remains stable at a lower price for a while. Before the next bubble ;) so buy up!

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Ya- reminds me of 2014 dip. Sub $200 for a while. A terrific opportunity in retrospect. This dip may be similar in the long run.