171
Get Your Head Right
Investing in cryptocurrencies or stocks is all about a matter of perspective. If you are investing what you can afford to lose, you shouldnt be discouraged right now, while most coins have been amidst a month long dip. Right now is the most opportune time to turn any of your spare funds into profits that will be coming up in about a month or so. It is easy for investors to get discouraged when these times come around. But seasoned investors know that this is just part of the gig. Its a very easy pattern to follow. Although with Bitcoin's popularity, the dips have become more volatile, you can rest assured Bitcoin will bounce back. Take a look.
And that's just within the last year. If you zoom in on the previous years you're going to see more microspcopic versions of the same pattern. This is where I should go fetch those charts for you, but fuck, its your money, you do some goddam legwork.
Nakomoto Vs. Newton
If you look at the numbers you can see why Bitcoin's price is destined to keep rising. This is barring severe penalties being put in place by authoritainistic governments. The communist nation of China has had the most success in implementing laws that have been crucial to the growth of cryptocurrency's adoption. Once the central hub for the mining of Bitcoin, Chin has been pushed down the list, as miners have scrambled to foreign shores to continue their mining operations. The United States now houses the most mining power for Bitcoin.
Lets take a little trip back to the late 1600's when a mathematician and physicist by the name of Issac Newton began to ask questions in regards to the law of gravity. Legend holds that the simple act of an apple falling on his head while sitting under a tree, sparked an intensity for Isaac Newton to discover exactly why this act occurred. I get it. The simple act of getting popped in the dome unexpectedly gets your mind turning every time.
So after many sleepless hours and weird ass formulas in which letters and numbers intertwine into a strange language only a mathematician can appreciate, Newton determined, among other things, that: What goes up must come down. Pop musicians and the Viagra company relied on the information. And there arent many examples you will ever concoct that will defy this law. Bitcoins price is definitely no exception. Although I believe it will keep going up, it will always be susceptible to its dips.
What Does this Mean
If you are in the business of buying and holding Bitcoin, you should be buying as much as you can right now. It's going to bounce back. Quote me on that shit. Burn me alive if I'm wrong. In fact, when it goes back up to $60,000 start yourself a savings account to save money for the next dip. Because bitcoin always seems to take off really quick and then ping pong back and forth for 8 months, I wouldnt be surprised to see it reach $80,000 when it comes back this time. Anybody that tells you that you have missed the boat on making money with Bitcoin is lying to you. And they aint ya goddam friend.
