Bitcoin and its many obituaries.

Just barely a month ago, July 16, 2017, there was this outcry in the cryptocurrency world. There was this sell chant rending the air. Everyone was told bitcoin's death is imminent as it hits a low of below $1900 amidst the FUD associated with the proposed fork.

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Within a space of one month, the same bitcoin that was predicted to be dead bounced back to life with everyone, including those that predicted its death, buying it. It bounced back with and did a 70%+ bull run

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Bitcoin is no stranger to "deaths", it has died so many times that there is a website dedicated to its obituaries and up till now it has counted 143 of it! There will always be controversies, FUD, panic and other distractions that will make a weak hand sell.

I will leave you guys with this quote from George Santayana, the
20th-century Spanish-American philosopher associated with Pragmatism.

Those who cannot remember the past are condemned to repeat it.

I hope next time that bitcoin decided to take another dip that we all should relax and ride the bear train with grace :)

Thanks for reading.