Bitcoin price free fall from $20k high recorded on January 18, dropping to lows of $8,000 today. This is creating a panic among investors.
But this is not new to Bitcoin,there have been three previous times when Bitcoin’s value soared like this — once in 2011 and another in 2013 followed by a dramatic crash.
If we observe the historical price chart of Bitcoin,whenever the price of Bitcoin took a dip, it recovered and reached a new all time high(ATH) surpassing the previous all time high.
I personally believe that Bitcoin price will recover soon once the FUD fades away and Bitcoin price will sky rocket this year.
Bitcoin is here to stay
Happy Hodling.
Disclaimer: THIS IS MY PERSONAL OPINION NOT A FINANCIAL ADVICE.
If you like the post don't forget to upvote ,resteem and follow.
I would love to know your opinion in the comment section.
Thanks for reading.
Nice article! Good content. I agree with you, BTC is here to stay I even believe that this sell off is healthy because it was kind of frustrating when the price was flying above 15k and if you haven't bought any BTC or just not enough you are waiting for moments like those.
Thanks for your feedback.I totally agree with you.This is the best time to buy some more Bitcoins at cheaper rate.
Great article. Thanks for sharing. For newcomers like me, it's really nice to see some history. We're still above where we were in November, so I guess we were due for a severe correction, but yes, also due for a really nice growth period soon.
