BitCoin Crash ? Nah... just a little price correction. (A matter of Perspective - Illustrated) This is a LIFE Metaphor !

Are You Freaking Out about the Great Crypto Crash of 2018 ? Then Read On

Like many mere mortals across the planet you might be *freaking out about the Great Crypto Crash of 2018. Hot on the heels of some well organised FUD, preceded by a large dose of FOMO, the markets are reeling this week while Bitcoin, Steem and (nearly) every other altcoin takes a rapid tumble from their all time high positions. Some coins have lost 50% of their value this week and many others could have easily been accused of going on a zero carb keto diet (losing pounds in days). Is it anything to worry about or is it just normal for a volatile market in it's early days, which recently saw a global spike of investment due to a large bubble of hype ?

image source

The CRASH followed some Fake News that The South Korean Government (A known Crypto Crazy nation) was going to clamping down hard. It issued a statement to say it wasn't. It was too late, the horse had bolted.. Hang on a minute, this is just a little side story. China was also supposed to be kicking out miners by the bucketload and threatening to close down domestic exchanges. (Many Chinese mining operations have left for cooler climes already.) Perhaps they will but whatever China tries to ban is usually pretty cool and Decentralised exchanges will make it very difficult to achieve anything meaningful in the long term. The BlockChain Revolution is being organised by the Smart Generation.

How about the price drop is just a normal and (required) market correction after a very hot couple of months? Yes, I agree. It's like watching the stock markets in fast forward. I am going to show you what a bit of perspective can do to calm your nerves and encourage you to HODL, ride out the storm and emerge to a spring full of pretty flowers. I always say it's never too late to invest in bitcoin. oh and buy in a dip. I think that would be sage advice.

The Good News ?

There are plenty of juicy ICO's for some very strong projects in active pre-phase right now. I bet they wished they had been ready 4 weeks ago. Ah well, they'll say. It's a great time to suck up some cheap(er) Ethereum if you fancy a high ROI gamble on some as yet unheard of and unreleased TOKENS. Their loss is your reward. They will no doubt be slightly undervalued, which is good news for you. If you had bought into an ICO a month ago which raised $20m, you might be now sitting on a very fattened calf.

These Graphs Should help

24hrs

Graph 1 Today's drop. here's the bitcoin price drop for today. It looks catastrophic from this angle. You would be forgiven for hastily packing a bag and running for the hills. It looks like it's all over for bitcoin. A Tsunami of disaster as the world and his / her mates all pull out. when viewed from the short term it's all over. Hang on a minute though.

7 Days

Graph 2 This week's drop. It doesn't looks as calamitous as today's graph does it, but it probably reflects your frayed nerves quite well. It's even more jaggedy, aggressive and looks like a downhill mountain bike track. It's a bumpy road down and there have been some spikes. See those spikes. That's jittery moves in the market as big money retreats on it's hefty profit and buyers come in on the dip. It's business as usual. (It can't go up and up forever without coming down). We're a pack animal (herd actually) and we tend to act in delayed unison. We're not quite sheep, more like a mixed pack of foxes and rabbits. Your job is to play it like a game of Dope Wars on the Palm Pal. With a bit of practice and some patience, you should master the ups and downs. don't be a rabbit, be a fox. It's a long game. When I say long, you're really playing it over months, not weeks and days. I'd say aim for playing it over a couple of years and you'll thank me for doing so in 2020. (I reckon). If I'm wrong, I'm not giving you your money / steem / Neo /etc back. I am a firm believer in the power of the BlockChain Revolution to sufficiently change the world. Tokens are here to stay. bitcoin or no bitcoin ! I don't see how they can somehow be rolled back out of existence. It's a bit like saying, nah we're not having email. go back to fax machines and snailmail.. (duh.oh)

###1 Month
Graph 3 30 Days
Let's hyperglide out and have a look at one month ago. That's just before Christmas. Oh yeah, there was big crash ! From 19k to 12k in just under 30 days. A lot of people were thinking, why didn't I sell up at 19k. a) cos they're greedy and thought it would keep going and b) they didn't have a crystal ball. but hang on, this graph is not looking as horrendous as the last one..is it ? Actually it looks pretty similar. The curious person would probably ask, isn't 19k a lot more than it was 30 days previous to that? (and they would be DEAD RIGHT). it's now a matter of extending one's perspective to the seasons rather than the weeks. You might be surprised when you see the next graph.

3 Months

Graph 4 90 Days

WOW... did you see what just happened. With a bit of perspective, devoid of FUD/FOMO and Fox News, we're now looking at a graph which has ostensibly GONE UP MASSIVELY with a little dip at the end which, to be honest, who's noticing? It's amazing what 60 more days can do to how you feel, even when they've just whizzed past while you weren't looking very closely. I have a strange memory facility. I can remember the past with clarity. I know what the price of bitcoin was on past weeks over the last year. It's not a special skill. It can be learned, just like counting cards and if I do forget, I can easily look it up. Anyway, on to the next graph !

Graph 5

6 Months 182.5 days

As we move out slowly, like a ship departing a harbour, we can begin to truly see the outline of the coast. Although this graph doesn't tell us much more than the last one, it is now emphasising the upward (positive) curve of immense stature bitcoin achieved over the last half year and we can see that the little blip at the end is a true, normal and nothing out of the ordinary curve. People easily forget (in life as well as bitcoin) that as you progress to higher peaks, it becomes harder to reach the next step. If you are a beginner at driving, it's easy to learn how to steer and relatively easy to learn how to start and stop. It's a bit more difficult learning to start on a hill or reverse around a corner. Then to pull off an emergency stop takes a lot of practice, courage and familiarity. To become a police car driver would be an immense step with advanced training. not everyone would be able to do it and to become a racing driver, forget it... the step is too high, you should have started earlier. The graph shows where bitcoin has from since July 2017.. let's have a look at the whole year.

Graph 6

One Year 365 Days
A smoother graph now. A more gentle ride and it's pretty much all the way up. From a tiny start in 3 digits, Bitcoin and by association all the other coins in it's wake has taken a meteoric ride upwards from 3 to 4 to five digits. That's AMAZING and to be honest I'd feel a little bit sorry for it if it didn't take a rest on the way up ;) It's got a long way to go.

The predictions for a 50K bitcoin within 2018 could easily come true. Only a very small minority of the world has got some and the barriers to entry are falling all the time. Based on this graph, it might be a good time to buy in. If you felt like you missed out last year, there's a little pit stop where you can jump on board. As you can see from this graph, more perspective makes everything seem to fit into place comfortably and without any drama.

Retrospection is a great thing. If we could apply this kind of thinking to our last years activities we might be astounded at what we've achieved in our lives. Instead, many people constantly compare themselves to film stars and wave after wave of wealthy successful nobody people, which the media parade past our TV screens every day, trying to make everyone feel useless, losers and never good enough. It's a con people. WAKE UP.. if you're reading this then you are already awake. If you own crypto already you're in the game, a pioneer in a new part of the system. (STEEM) is some big news, you are DOING OK BUD... just HODL, breathe in and take a look at this last chart.... remember this is a metaphor for your life, look how far you have come. Hey it might drop further, yes... and ? of course life is not linear, it's a cycle of learning loops. when you come back to the start of a loop, it's time to move on. Without further ado, here's what bitcoin has achieved so far. It IS NOT OVER folks.. keep smiling and yes, feel free to buy on a dip. BlockChain and post BlockChain machine economy v4.0 is coming to a paradigm shift near you soon.

charts courtesy of the lovely WORLDCOININDEX (my favourite one stop aggregated altcoin price and news shop)

this is for entertainment, not investment advice. please do your own research and don't gamble the rent / shopping / kids clothes. Investing is for adults with patience and pragmatism