Hello dear steemians!
Lot of people are literally freaking out with the current BTC correction. However apparently It is already a tradition that BTC use to have correction on its price on the first 2 months of the year.
This is the current BTC charts on Coinmarketcap
Scaring isn't it?
But now lets take a look on BTC charts in this same period in 2017
and in 2016
and in 2015
and in 2014
I would love to keep looking even closer to the date of the bitcoin creation but this apear to be the farthest that coinmarketcap allow us to search. But I believe a behaviour that already happened on the last 4 years, and appears to be happen again this year means that we doesn't really need to fear "the bitcoin crashing"
I don't really know why does that happen, some speculate that the Chinese new year that happen somewhere on February could be one of the things that could contribute to this traditional year's dip. Considering they should probably withdraw some of their investments to spend on this date, and since and when this happen market just start panic (every single time) and make the dip bigger than it was suppose to be.
This scenario could have a even bigger impact when we have a lot of people that do not really understand BTC entering to it just because of its hype. They will just hold their BTC with weak hands and when prices start to waves down they might panic turning what was suppose to be a simple wave into a "apocalyptic scenario"
Well this can also be a great opportunity to load up with our favorite crypto in sale on a kind of "Crypto Black Friday" while the Weakling hands try to get rid of their crypto as fast as they can we can collect it for a special price
So when your "Bitcoin is a Bubble" friend start to use the bubble attack on you, just send then this Video. ;)
Ps: Remember by just clicking in the resteem button you will be giving an amazingly support to great content authors to keep doing his good work. So do not hesitate to resteem or even making a post about a good content you have seen, share it with your Steemit brothers and sisters! ^^
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