Some more, others less have heard what cryptocurrencies are, and above all have heard of the famous Bitcoin, the currency that has increased by 5298% its value in just one year. Yes, it is true that two days ago its value plummeted, creating a stampede of panic that recalled the worst moment of the last bubbles burst,like the real estate or the .com, where the whole market is paralyzed when all the investors panic and try to sell at the same time. In fact, Coinbase, the popular Bitcoin trader, collapsed and made the decision not to change more than the equivalent of 1,000 Euros or Dollars in cryptocurrencies. And what does that remind us of? When banks do not allow withdrawing funds and the market runs out of liquidity. To the classic corralito.
Experts say that this is nothing more than a price adjustment after a dizzying rise in price. In fact, as you can see in the graph, it is not the first time it happens, it is the third, and after each fall the price of Bitcoin rose again. Youbit can be blamed for the hacking of Youbit, where they stole millions in Bitcoins, the fork of a few days ago, the incorporation of Bitcoin to the futures market or Bitcoincash, but the truth is that no one knows why it happens. But they all agree on two things, first that the one who buys cryptocurrency is playing with the unknown,it is a new phenomenon that we have no references for, anything can happen, and you have to be willing to lose everything you invest. The second is that the investment in cryptocurrency should be medium / long term and you have to be psyched to withstand these "bumps" along the way. Or as it is said in the world of cryptocurrency, HODL, which means keep in English but poorly written by the urgency and emphasis in writing it.