Oh My, Bitcoin is down 23-30%! Let's take a look.

in #bitcoin7 years ago

Screenshot-2017-12-22 Cryptocurrency Market Capitalizations CoinMarketCap.png

It looks really bad, but only if you are looking at the short term. However if you are looking at the chart of Bitcoin year to date the outlook is completely different. On the left on January 1st you can see that Bitcoin was under $1000! If you are a HDLR, i.e. long term holder, you are doing good.

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Load up the boat on the way down.

Yes, I still believe Bitcoin will achieve wide acceptance.