Bitcoin, Ripple Ethereun and other coins got you down. Don't look now.

in #bitcoin6 years ago (edited)

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For those newbies to crpyto and even stocks and other assets classes. Remember everything goes up and down in cycles.
Bitcoin and other Alt coins have taken a big hit the last few weeks. This happened last year and even the year before. Steem seems to be on a roller coaster lately.
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While we do not know what is the direction its headed, things that go up always go down. If your investments are smart they will eventually go up. However it may take along time to go back up. Just like the early days of the tech boom Microsoft, Dell Apple and others went thru this cycle.

Some people panic and get out. Others lost money in bad choices like pet.com, etoys, worldcom all were big time favorites. Some of the early ones took hits and survived. In a few years who will be left ? Will it be Bitcoin, Ethereum, Ripple or others. Maybe the new block change giants have not arrived. Google, Facebook, Twitter did not exist back than.

Who know we may have several millionaires in the making here right now. 1 million.jpg So here is something to be aware of never invest in more then you can afford to lose. Pull out some profit along the way and remember to hold. Very soon Wall Street with the big banks will be headed into the crypto world. And if you bet with emotions you will get burned.
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Disclaimer this is only an opinion and do your own due diligence. All pictures are taken from public domain most are from Pixabay.

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