I bet the pucker factor was pretty high this past week.
I mean, Bitcoin took a steaming 43%+ dump and took a pile of other coins down with it, including Ethereum and Litecoin, each seeing drops of around 40% and 50% respectively!
To my newbie mind, the recent dips were like an early Boxing Day sale. I picked up a little Litecoin at what was effectively a 50% off sale!
I’m happy I didn’t fall into panic-sell mode and take a loss on my investment.
Sure, the overall marketcap isn’t back where it was before everything took a tumble, but, like many (most?) other coins are gaining ground again.
This doesn’t mean that it’s smooth sailing from here. Of course not.
TenX’s Julian Hosp recently told CNBC, “I think we’re going to see bitcoin hitting the $60,000 mark, but I also think we’re going to see bitcoin hitting the $5,000 mark”.
For all the differences between cryptocurrency investing and traditional finex or stock trading, there appears to be some maxims that generally hold true.
In any event, 2017 was the year Bitcoin and cryptocurrencies in general first really permeated info the mainstream.
It’s only going to get more interesting from here.
And hey, if nothing else, we’ve still got the possibility of John McAfee consuming a part of his own anatomy on national television.
Oh, these are fun days, aren’t they?
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BTC Wallet: 1LyutLaQ3sufbFcETue6kYbQHqZvYbvAD9
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