As much as I try to remain free of skepticism I wasn't surprised at all by Bitcoin's current fluctuations, at one point 40% BELOW its all-time high of nearly $20,000!!
You see, Wall Street is in the business of MAKING MONEY and the best way they ca$h in especially for cryptocurrencies, is through U.S. Futures and Commodities Trading to speculate using shorting - essentially make money when the price drops
(They actually 'teach' how to do that)
and when the price rises- by buying low selling high.Its a vicious cycle...
The bright side.. Now be the time to buy more! I use the Law of Averages in this case, to "converge" all my costs for buying a given cryptocurrency, to it's lowest possible average over a specified period of time.
Say I bought 1 Bitcoin back at the beginning of the year for $1,000 then 3 months later I bought another one at $5,000 and one more 3 months later when they were each selling for a cool $10,000. My average costs for all three coins are ($16,000/3=$5,333.33) and will continue to drop as long as I keep buying the same coins AND the value of a single crypto coin steadily increases over time.
There are caveats to this, as is the case with any application of statistics. But overall if you keep buying when the price drops eventually your acquisition costs will decrease in comparison to the equity you have accumulated.
So Keep Buying!!! Don't Waiver, or Falter!!
HODL!!!!
