Why You Need To Pay Attention to Bitcoin Even When The Price Keeps Going Down
Bitcoin prices have been falling like a stone since the start of the year, and it's not even Thanksgiving yet. The latest bitcoin price is at $6,000 down more than 40% from its all-time high above $20,000 in December 2017.
The cause for concern? As bitcoin has fallen, other cryptocurrencies have also taken a hit. Ethereum has fallen by about 50% since its all-time high in December 2017. Ripple (XRP) and EOS are down about 30%.
Bitcoin’s price decline is bad news for investors who have built up large positions in the cryptocurrency over the past few yea especially since many U.S.-based investors have been holding onto Bitcoin as an alternative to traditional stocks or bonds during this bear market.
But if you’re skeptical about Bitcoin's long-term value, there might be another reason to be optimistic: Bitcoin's price decline could actually be good news for your portfolio!
It’s true that cryptocurrencies are volatile assets that can go up or down drastically in any given day or week. But they also offer some unique pros
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