According to Bitcoin, before the initial investor of Bitcoin can lose 50% before increasing
Dante Morehead, Chief Executive Officer of Panthera Capital, told a hedge fund focused on digital currencies, CNBC told that biotechnology could reduce 50% before reaching new heights. Morehead bought a bitcoin in $ 7.
Although the statement looks slowdown, Morehead was actually pointing investors towards a long-term view in cryptokylines.
source https://cointelegraph.com/news/early-bitcoin-investor-says-bitcoin-could-drop-50-before-going-higher
It seems to always drop a decent amount right before huge gains. I think people get scared it's crashing & start selling. Smart people know to HODL. Remember last month when people were wishing it would reach $10,000 by the end of 2017? It doubled that, it came & went so fast.
@cornholio thanks dear