YOU! that’s right, the one with your sweaty hand holding on to that mouse for dear life - about to sell your crypto portfolio at a loss. We've all seen the downward trend with prices tumbling on the exchanges like yesterdays laundry, and after watching all of the FUD, a strange feeling came over me as if I'd seen this all before.

Cue the creepy time machine music...

You know, like a movie you've watched a million times or old reruns of Seinfeld, the silky tentacles of Deja vu crept into my mind like some really bad crypto-monster hentai or scary blockchain manga gone wild. (which I have ~~never~~ viewed, and if I did perchance stumble across and decide to download said videos in glorious HD, it was strictly for research purposes of course...)

Cycles

After reading the most recent post on this by @stackin I decided to take a long look back at Bitcoin price volatility. And sure enough... There was no slow and steady climb to the summit of near 20k in late 2017. Instead, our crypto's price gyrated like a drunken sailor riding an overweight belly-dancer. For instance, we went from $1200 in 2013, down to $200 in 2015 and back up to $1200 in early 2017. Quite a wild ride right? Anyone suffering from a FUD attack would have been preaching doom and gloom while selling at an extreme loss.

What price would make you click that "buy" button?

I read an article last year that the Bitcoin price could drop to under 1k again before rising. There was even mention that crypto prices would be driven low enough to cause panic selling so the big boys who missed out could get in cheaply. I don't know how difficult it would be to manipulate the market like that, but here's what I think. No matter what happens to Bitcoin or other cryptocurrencies, the underlying technology isn't going anywhere anytime soon.

The blockchain is here to stay and will be woven into the fabric of technology we'll all end up using. If Bitcoin dropped to say $1, would you buy in? Look at it this way, in 1976 would you have invested in Apple? Anyone with even a little foresight could see that computers were only going to get smaller and even more powerful. So no matter what happened to our favorite fruit company, the personal computer revolution would not be stopped. And neither will the blockchain...

Bitcoin may go up and down and STEEM along with it. But the utility of this new technology and the inventive minds of developers will ensure a bright future for the blockchain. Will you still be there when it happens?

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The "Crypto Bloodbath" - We've All Seen This Movie Before...

Cycles

What price would make you click that "buy" button?

Follow me @evernoticethat and UPVOTE

Thank you so much!