The Bitcoin continues to go down in 2018.
In my post 8 January 2018, I mentioned that the Bitcoin was starting to show signs of a (strong) correction. In below graph we see that the correction has continued. Many investors thought to make quick money with Bitcoin, but who really made money?
There must have been a large amount of people that bought Bitcoins at a high price compared to the price now. The sky was the limit, right?
The best investment strategy can turn into the worst if you don't have the stomach to see it through. The Bitcoin has high volatility and trust me you must have strong nerves to look at a large investment going double digits up and down (now mostly down) in a short period of time.
What are your thoughts about Bitcoin?
Posted on Sat, February 3, 2018
by Simon Snelder filed under