Bitcoin is in correction phase..History repeats.

in crypto •  7 years ago 

Short term traders and holders might be panicking because of bitcoin current dip.Those who are holding it for short term might be upset.crypto need patience.

Below is a graph of current bitcoin status vs Bitcoin in 2013 dip.guys check if you can find similarities.

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Image source: coinmarketcap.com

From 2013 it takes 2 years to recover for bitcoin to reach all time high.Today it seems bitcoin is again testing its bottom to check whether it can sustain or not.If it does not sustain it might dip more.

Bitcoin and crypto need strong base to sustain.Crypto has huge potential it cannot sustain on those shoulders who fears in dip and left.

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By looking this comparison, I am having the feeling that we will see 2018 as correction year and then the journey will continue in 2019 and we will see massive growth in 2010 to take bitcoin another 10X to $100,000 mark.

Can't wait for 2010 bruh

Lol

hoping for bitcoin's straight growth🙄

I guess it is all about risking everything... the moment you invest in stuff like bitcoin and cryptocurrency you are on that journey. Sometimes it rises, other times it falls but right now, we're all being seriously tasted.
Hope recovery and plummeting happens sooner than later.

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