Bitcoin down new all time low in 2018 today price 5861 at binance exchange.
There is no room for argument on the fact this week has been really rough for those who participate in cryptocurrencies. Truth is that all of us, possibly with no exceptions, are constantly having our faith in the movement tested by the markets that seem to make less sense every single day.
We try to rationalize events after the fact to no avail. Why our favorite coin dropped in valuation, why a certain analyst was wrong. All the questions that will never have an answer that will make us feel good or satisfied. In my opinion these market shakeups are part of a necessary cycle. Not because of some sort of universal plan, but simply because there are a lot of people who get into the markets believing naively that cryptocurrencies are just about easy money. This of course, is very far from the truth.
