Rising From the Ashes — A Tale of #bitcoin Crashes
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Unsplash.comWhile bull and bear markets are nothing new in the financial world, the crypto selloff in early 2018 led many investors to believe cryptocurrency days were nearing their end. Many investors once bullish on crypto were suddenly worried that this event was different from the rest. Although crashes can be painful for investors, it’s important to step back and compare this latest correction to previous ones to get a better sense of what it actually meant. The reason is whether you hold the perspective that Bitcoin is nothing but a bubble or maintain that cryptocurrency and by extension Bitcoin are now here to stay, it’s worth exploring the extremely fast drops in value and equally fast recovery the currency has experienced.On December 17th, Bitcoin reached an eye-popping (...)
#tale-of-bitcoin-crashes #bitcoin-crash #bitcoin-all-time-low #bitcoin-was-dead