Let us use facts to prove this problem.
On November 5, 2017, data from the citicoins website showed that the Bitcoin price was $7,598 at night, marking the arrival of the Bitcoin era. Bitcoin has been rising since 2015, constantly refreshing the highest prices in history. The total market value of the entire cryptocurrency market has been rising from 2013 to 2018. This shows that cryptocurrency still has great potential and its development is very fast.
If Bitcoin continues to follow this trend, you can imagine that when one day you hold a bitcoin, you have a huge wealth. Those who own Bitcoin and those who do not have Bitcoin will be completely different people at two different stages. From the perspective of the state, can this bitcoin be owned by me and there are some factors behind me that are unfavorable to me? If its future cannot be controlled, how can it be done? But we only serve as an ordinary investor. We should be concerned about whether investment in bitcoin can make money.
Some people say Bitcoin is a bubble. If you treat it as a future currency, it does have a bubble. Bitcoin’s bubble is often caused by spamming, causing hyperinflation, and it also has obvious differences from general investment projects. Inter-connected with the government, the cycle is also very clear.
Bitcoin, Ethereum, and Litecoin are all the same because they are constant in number and there is no problem of spamming. The circulation is known. They will not be affected by government credit. Although the decline in cryptocurrency has been significant in the past period, the top 10 cryptocurrencies have fallen by more than 20% within 24 hours. This time, I believe many people are very frightened, they are afraid that the cryptocurrency will fall more, so they want to sell. So most people throw Bitcoin, Litecoin, and Ethereum in their hands. Only a few people will insist on keeping the currency in their hands because they know that the cryptocurrency market will not be able to keep falling. When it falls to a minimum, it will start to rebound. At that time, their prices may be even higher. If you sell at that time, your interest will be greater.
Of course, this is only limited to the top currencies such as Bitcoin and Litecoin. If they only fall, then the whole cryptocurrency will be finished. Even the technology that the blockchain countries are eager to study will also be affected. So, get your hands on Bitcoin, Litecoin, and Ethereum. If you sell it today and later even if you sell your house, you will not be able to buy it again. This is also testing an investor’s courage.
It turns out to be a pity to sell Bitcoin at any time.