---

Oh Shit - The crypto markets have shed another $13 Billion within a few simple hours - leaving many to ask the hard questions when investing...

• Why didn't I sell out everything last year?
• Why did I buy-in during the pump?
• Why am I still holding?
• What exactly is this magic internet money?
• What is bitcoin?

Well, now is a great time to figure out some of those answers!

Here is mine...

---

Since the dawn of time, Bitcoin has increased in value. For the vast majority of Bitcoins life the volatility has been extreme and value increases have happened in short lived intense spikes. So this is nothing new, it's actually showing how cyclical the crypto markets are, in which, right now is the boring downtime.
I made some predictions years ago that bitcoin would hit $10k based upon this cyclical nature of the past and then subsequently crash to $2k where it would bottom out.
Since then, I watched bitcoin move from $800, down to a bottom of $200 roughly 3years ago, then to the massive price of $20,000 and now - hovering around $6,000.

This year seemed crazy, but then again, so did last year, and so did 2013.

I actually like to compare 2018 to 2014, and 2017 to 2013 as the same things basically happened within cryptoLand

• 2013 saw bitcoin go from like $100 all the way to $1,000! Lots of people made tons of money and the mainstream started paying some real attention to Bitcoin. 2013 was a crazy year; silk road, government seizers, China. It was insane and so much hype and hodling! You can see how that could relate to the 2017 craziness - Hardcore FOMO
• 2014 was depressing. Slow and Painful price death. BTC lost 50% by fall, and people were jumping off bridges after loosing everything in the Bitcoin scam bubble. It was bad, sad, and the media went nuts on crypto being the currency for laundering and criminals. New users to crypto were bailing in droves causing a mass exodus.. Does any of 2014 seem familiar to you in todays modern market?

2018 wasn't so bad. 2019 probably will be crap but... 2020 is where it's at!

Crypto is the future. I see no reason to bail. Sure the prices could go down, and I actually predict they will. There are many factors that play into the price of bitcoin but I ultimately think it boils down to 2 major components: Mining profits & Hype.
2013 and 2017 had the famous bitcoin halving, driving prices up so miners could still make profits. The price movement caused hype among investors who overbought the shit out of Bitcoin. PUMP Time!
So when the next round of halving comes along I would make sure your piled high on cryptos. The time in-between is basically filler... HODL, get a job, wait for 2021 and be a brand new Lamborghini owner!

$20 of Ethereum in 2016 is still worth $3,000, and in 2020? ($100K?)

---

Basically - Crypto always goes down, until it doesn't.

Good Luck in the Markets ~

@generation.easy