Hi HIVIANs,
I took a dive into the BTC/USD chart of Bitstamp and analyzed the past dips and pumps.
Every time BTC dipped down hard (like at the moment), it recovered way stronger than before!
I made want to present you some data beginning from April 2017 (including an attached chart):
🟢 +1917% within 280 days
🔴 -83% within 371 days
🟢 +336% within 189 days
🔴 -72% within 259 days
🟢 +1585% within 399 days
🔴 -55% within 70 days
🟢 +141% within 140 days
🔴 -56% within 182 days (now!)
My personal conclusion when I see this data:
It's always a good idea to buy Bitcoin for the longterm.
Every Bitcoin owner is a winner!
But keep in mind: Not your keys = not your coins!
What do you personally think? Do you think it's a good idea to buy Bitcoin or don't you think so?
Let us know in the comments!