Not a single day goes by where my email box does not light up like a Christmas tree full of questions with regard to Bitcoin, other cryptocurrency's, precious metals.
As of late, with the wild ride of Bitcoin especially, I have been bombarded with questions from those who are concerned about price fluctuations in Bitcoin, other cryptos, gold, silver.
If you are concerned about the price action of ANY asset ask yourself, are you investing in it? Or trading it..
If you are investing in any asset, the day to day, week to week, month to month, or even year to year fluctuations in it's price should not matter to you at all. In fact if you are investing in say Bitcoin, gold, silver etc. you should be looking at every drop in price as a buying opportunity, and not getting bent out of shape about it. You as an investor in any of these assets, should only be thinking about the long run.
If you are an investor in cryptocurrencies or precious metals, I believe it is safe to say that you understand that the US dollar is a bad long term bet, and in my opinion you would be correct, with this mindset you should embrace any short term price fluctuation and consider buying the dips.
The fact that more and more people are seeking to diversify away from the US dollar, or other fiat currencies, says a lot. People are not as dumb as world central banks believe they are. Central banks continue to inflate, and thus devalue, their respective product (debt) while at the same time suppressing interest rates artificially (not allowing the free market to dictate fair value). These facts alone should make it clear to you that investing in a central bank controlled unit of debt is a very bad long term investment.
So as an investor in Bitcoin, another cryptocurrency, precious metals, forget the short term price action and instead think about why you decided to invest in these assets in the first place.