In other words, you have to be the type of person that looks for every cloud in the sky to not see that Bitcoin is here for the long-term, which leads me to the second reason. That sounds great, but just like with the U. The person who gets paid in BTC and knows how special it truly is. A dditional sources: Â The Money GPS (YouTube). After five straight years of exponential growth, Bitcoin should have earned the benefit of the doubt by now. Dollar Index doesn’t compare it to the Chinese Yuan, which was up over 7% over the same period. Why avoid buying Bitcoin when it’s price drops bitcoin price watch app. The economy is stagnant, at best, but the stock market is booming. It has proven that it’s value model works. And how many times over the last year have you heard someone on TV, online, or in an investment discussion say “Buy Gold & Silver. You are a little down because of the Bitcoin price drop, and you just need a little pick-me-up. So what does that have to do with the price of tea in China bitcoin price watch app. Reason #2 –Â The Real Reason Bitcoin is Sliding is the U. So take advantage of the short-term sellers, and treat it like a coupon at your favorite store.
2011 saw BTC rise to over $6 USD, which was just scary growth. The facts are the dollar did have a very good quarter, regardless. You learned about Bitcoin one day and said “This is going to change everything. Fewer eggs yield a lower price, and would drop the rate of inflation for eggs itself by almost 20%. Did you REALLY think Bitcoin was worth almost $1200 on Thanksgiving, after being worth about 2% of that on New Year’s. Bitcoin is going through some growing pains. You have to think that those mainstream players are fairweather friends that would run from Bitcoin based on its price versus the dollar. Â But let’s look at the dollar’s track record since Bitcoin hit the market in 2009. Â One day, you’ll wake up, and gold will be $5-8k an ounce. We are closing in on the end of another day’s trading in the bitcoin price space and things are really starting to heat up now. If you are day trading Bitcoin, or are in Bitcoin for the short-term, to make a quick hit, this article is not for you. And Bitcoin is still up 200% over last year at this time. In some ways, Bitcoin is a victim of its success. As we went over earlier, Bitcoin has gone through the Mt.
Bitcoin isn’t controlled by a single entity, which scares most establishment forces, but the Internet was never centrally controlled, and it did just fine. Inflated stock value without any actual production supporting it. Bitcoin must go through this awkward stage, like a pubescent teenager who has outgrown his clothes from last year, before it can mature and become what you expect it to be.BitConnect.. The average Wall Street Bull Run lasts 2. Last year, it went from Kid Currency to grown adult, married with children, with no stops in between. There is too much money invested, too much technology available, too many built-in advantages, and too much corporate and global interest to stop Bitcoin at this point. A stronger dollar buys more Bitcoin units per dollar than a weaker dollar. And hyperinflation and the dollar collapse will hit the United States like a freight train. Images from Wikimedia Commons, Flickr, and Shutterstock. 2013 was a rebound year, and it finishes up at almost $800. Whatever they say, usually the opposite is true. I will give you four very good reasons not to fear the drop in price, but rather to embrace it. .ReddCoin.