Should I worry?? Bitcoin loses more than a third of value over a week.

in #bitcoin7 years ago

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SHOULD I WORRY ??
I dont think so,this is almost a tradition now. Bitcoin continues to give its investors an exciting ride. This week it has lost more than a third of its value from its record high of nearly $ 20,000.
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It isn’t just bitcoin that has lost significant value. Ethereum (down 20 percent), Bitcoin Cash (down 30 percent), Litecoin (down 21 percent) and nearly every high-profile altcoin lost value over the last 24 hours, according to Coinmarketcap.com. Ripple was up seven percent, and just one of two coins to remain green over the past day.

Charles Hayter, founder and chief executive of industry website Cryptocompare, said: "A manic upward swing led by the herd will be followed by a downturn as the emotional sentiment changes."
He said a lot of traders would have been cashing in on the spectacular gains made over the year.

SHOULD I WORRY ??
I dont think so,this is almost a tradition now.
before the value of bitcoin has increased has always been a big drop, and this is still happening.
But this time it also gives you opportunities for those who want to investand I believe that within a week or two will capture $ 25k.

SO STAY CALM AND DON'T WORRY.