The last dip it's around $3000 and we reach more than $8000, that's gain was 100% if we compare about the price went he down from $20.000 to $3000 that just only -80% capital. If someone invested again at $3000 with the same amount/investment at $20.000 with this current price his money already back again and got some profit of around 20%. This correction was normal, I was really fine with this current price because I don't want the price keeping up without some a good correction. That's was not a good market, a masive pump can bring masive dump remember that.
Yes because there are few people who understand correction, they assume that when bitcoin goes down there will be bad things. So this is normal that happens in any exchange, when bitcoin has reached its saturation point and will continue the pump.
So now we just have to wait when this correction will end, without worrying about anything.
Yes, bitcoin or any other crypto currency cannot go straight up. After every upward movements, the bitcoins should take the correction and after correction it moves further up and creates another high.
Kudos to everyone who is still holding , trust me when it rises up you guys are going to be proud of the fact that you didn't encashed and stayed put.
If you believe in Bitcoin, you will hold it for the long term. Bitcoin will be staying and just keep in mind about the law of supply, we have only limited supply of Bitcoin. I still accumulate more bitcoins for every dip and hold it as long as I have money for my daily lives if I have spare funds, I put it on my trading account or buy more bitcoins.
If you are a holder and not a trader, you can accumulate the bitcoins at every dip and after year or two when you will see the price of bitcoin, you will be millionaire by that time. The main thing is that you keep on holding and do not panic sell.
