Correction of 2018 hit hard by the stock market, but even it is not equal to the fall of Bitcoin in 2014. Then, many investors have left the industry, disillusioned with the cryptocurrency. However, the numbers speak for themselves — even hard correction does not affect the growth of Bitcoin in the long term. This writes Bitcoinist.
Why you should not sell your cryptocurrencies
Interesting statistics of cycles of development of Bitcoin was in the Pension Fund Partners. The head of the research Department of the company Charlie Bilello published historical interest. from 2011 to date.
After correction 2014 the value of the home cryptocurrency fell quite some time. Only in the following October, the draining stopped and Bitcoin rose to $ 480 — 35 per cent above prices at the beginning of the year.
It seems that the stock market follows the same trends — each new wave of growth ends with a strong fall. What’s interesting, most of the highs in 2013, 2015,2016 and 2017 occurred in the period between October and January. Maybe the last quarter of 2018 will be the beginning of another bullish trend.
$ 100 invested in Bitcoin in 2014 at the peak of the local bubble, would now be brought very good profit. Even if the investor did not sell the cryptocurrency in 2017. In any case, to worry because the correction is not necessary, as it is a good sign of a new uptrend.
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