The Bitcoin crash on Friday night caused some headaches. The course fell from $ 57,000 to $ 45,000 at times and leveled off at $ 47,000. Bitcoin lost almost 15% in one day. There is great fear in the market. We'll give you 3 reasons why you shouldn't panic.
Crashes are normal
By now, people should be used to extreme price movements. But again and again, such a Bitcoin crash causes great panic among numerous investors. Of course, this unsettles some newcomers. But even investors who have been investing in Bitcoin for a long time are now very worried about their returns.
There were repeated falls like this. It was not until April that the big Bitcoin crash occurred after the Bitcoin mining ban in China. At the beginning of 2020, the Bitcoin price fell by almost 50% within a short period of time. Overall, this Bitcoin course is only a minor event and could only remain a side note in retrospect.
Bitcoin is still massively in the plus in 2021
Another sedative pill could be a look at the overall development of the Bitcoin price in 2021. If on 01.01. have invested, you have still massively increased the value of your investment. At that time, the Bitcoin price was below $ 30,000. Bitcoin is still extremely profitable as a long-term investment.
However, if you have invested at a higher rate, you should also stay calm. Sooner or later, your investment will pay off if you are patient and don't panic and sell your Bitcoins. Every bull market has had extreme corrections at times. That is the nature of the market.
Bull Market is still the likely scenario
Even if the price looks like a car accident over the past 4 weeks, a bull market is still likely as a medium-term scenario. The fact is that this Bitcoin cycle looks different than the Bitcoin cycles 2013 and 2017. So history does not repeat itself 100%.
But it is extremely unlikely that we have already reached the top of the bull market. If this were the case, the 2021 bull market peak would only be 3.5 times higher than the 2017 peak. All previous experience with the market shows that this probably cannot be the end of the bull market.
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