In the last 24 hours , Bitcoin prices hit 1900 $ which is a 37% correction from it highest price just a week ago .
A lot of people saw their money evaporated in a matter of days and the panic was real . After that though , the coin valuation has gone back up and as of right now trading around 2400 USD . So is it just a normal correction or an signal of what about to happen ? The true is nobody know , with so much uncertainty surround the community especially with 1st Aug just around the corner . If we check the price history of Bitcoin , you will see that this time last year it was trading around 600-700$ . So in the span of 1 year , the price had gone up 4 times . Going back even further , in 2015 it was 200$ at times . All in all , the valuation of the coin had been on the upside for quite a long time . Even so , there will be dips on the way up , one thing for sure though is that we will see even crazier prices in the next few years . Perhap the latest turn of events is an opportunity for those who had cash in hand . Even if you holding coin , i would advise to keep on HODL , because the upside potential is still tremendous .
Right now , if you have money it would be a great time to jump in the cryptocurrencies train . If you already on it though , don't be panic or you will be regret it by the next bull run . I will monitor the price movement closely and keep updating my new thought on this matter , thank you for reading .