Spoiler alert, dear readers: it shouldn’t.
If you all rewind the clock to October of last year, Bitcoin (BTC) fell from about $20,000 to $5,550 today. Your instinct may be to sell all crypto now and go lock yourself in your bedroom to lick your wounds. But that would be a mistake.
We professionals make our money by buying from amateurs when prices are cheap and selling back to them when prices are high. That is the fundamental underlying principle of investing, and how investing works in every market ― whether it’s pork bellies, real estate, stocks, or crypto currency.
So why did Bitcoin drop this time?
Well, the prevailing theory is that the drop was a reaction to the bitcoin cash (BCH) fork. AKA, there is plenty of drama between a few spoiled rich men who want control of BCH.
The bottom line?
This does not affect us at Crypto Mouse.
Nope. Not even a little bit.
Why? Well, we don’t own BCH and ergo we could care less what happens to it.
It may have affected the market, but it’s only temporary. Dear readers, do not forget that double-digit price movements are common in cryptocurrencies.
In fact, it’s Often the norm.
And look, it’s possible that the BCH drama has the potential to drive Bitcoin’s price even lower.
We hope it does actually.
‘Cause if that happens, we’ll be over here drooling, and you should be too!
We might get to accumulate Bitcoin at prices that may never be seen again.
So simply smile at the scary, volatility-soaked headlines!
Bitcoin and cryptocurrencies are here to stay.