When you watch Bitcoin drop and the rest of your investments - I can tell you how you should feel good about that..

in #bitcoin6 years ago (edited)

Watching your investments lose value in comparison to USD has great benefits!

bitcoin-down-opportunity.png

Do not get discouraged. When the market is down, it breeds new opportunities!

One of the trends of cryptocurrency, is there is a lot of people who hold it, because they've earned it in unconventional ways.

  • Mining it
  • Earning it through steem
  • Trading it
  • Earning crypto for labor, products sold, development wages, etc.

The conventional way to own cryptocurrency is to actually trade FIAT to own some.

A lot of people forget this point. $50 USD sitting in your pocket, when the markets are down can often be better put into a Bitcoin ATM and traded for more cryptocurrency if you believe the markets will go back up again.

If you've been in cryptocurrency for a long time (say 2 or 3 years), you might remember the days you bought $50 or $100 worth of Bitcoin when the price was under $500/BTC

May 27, 2016 - Bitcoin was $473.47

may2016-btc-may2018.png
...back then, buying $50 of Bitcoin would give you 0.1056 BTC worth $765 today!

But you didn't know that back in May 2016. All you knew is that you were throwing $50 into Bitcoin "to see what would happen".

Well what has changed? The investment opportunities are still there, but now you are probably a seasoned investor, a seasoned cryptocurrency user, who earns and hold cryptocurrency from unconventional ways now.

Too many crypto-users think the same way. They earn, mine, and trade cryptocurrency and cash out when Bitcoin (and the rest of alt coins) are high.

  • ...when Bitcoin is low, many crypto-users just sit, and wait it out, until it goes back up again.

Guess who sees these price lows as great opportunities?

red-question-marks.png

  • NOT seasoned and long-term experienced crypto-users

  • It is seasoned, and long-term experienced FIAT money makers and traders.

These people know that cryptocurrency adoption and retention numbers are increasing over the long term, which means investing FIAT to buy low Bitcoin and low alt-coins, invites good investment opportunities over the long term as well.

Remember, the $50 sitting in your pocket is going to be worth even less for its purchasing power in 2 years than it is worth today.

...what is the one thing we know about the last 2 years of Bitcoin?

  • It went from $473.47 May 2016 to $7251 May 2018

....and we still call Bitcoin's drop in price "low" and opportunity seems low.

If anything, in my personal opinion, these low times are opportunities for the seasoned and experienced fiat investors. If they see current market trends as opportunities, why don't most crypto-users as well?


This isn't trading advice. Make up your own mind. I already have, and I've shown you why. If you like reading my blogs, please remember to upvote. :)

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"Remember, the $50 sitting in your pocket is going to be worth even less for its purchasing power in 2 years than it is worth today.

Very good point. With the central banks printing increasing amounts of fiat to keep the debt system afloat, fiat currency will loose even more of its purchasing power in the next 10-15 years.

I'm on a buyers' side )))

agree with @intelliguy....according to my opinion btc at 7200$ is a very good level for our investment...it shows great stability at these price level and i'm really happy with its performance

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I don't even know how mining works

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