Starting in the year 2017 we had an all time high for Bitcoin roughly 20.000$, now the year is 2020 and Bitcoin broke what many said was impossible. I'm going to tell you the story of the time between this.
The joy of the crypto world started to decline after January 2018, the prices were going down, some people had investe money in ICOs that were scams and all their money was stolen. Shortly a big mess happened.
After some months we had BTC falling like a stone in the air and things began being interesting. I follow technology blogs and websites. They were more than happy to post that BTC was valued very high. Even when it was high many people in comment section said that it was a bubble, eventually would pop off. Others said that BTC was a scheme or a scam to steal money. One more time humanity talking about things that they don't even know the concept.
When i started really aproaching the crypto market BTC was at 6000$. I started to follow a lot of news and the comment section was always a moment to laugh, people saying that if BTC goes bellow 5k or 4k, the coin is death, all the crypto world would be death and blockchain would be a big scam. This was ridiculous has all you know from the basic concept of blockchain, blockchain technology is years ahead of its time. Guess what? BTC goes down almost all the limits people were imposing. That's when i started investing, very late because of the learning curve.
Suddenly BTC starts to give signs of life, at this time many had sell their BTC for a big loss. BTC starts climbing and falling but climbing more than it fell. People who still hadn't sell their BTC started to sell for a loss but not that hard loss. I started reading comments that BTC was never going to reach that high again, scammers telling people to invest in their trading strategy because they bought high and sold really low so the strategy of holding and creating value was not worth it. Let me say these, for all that scammers BTC just owned you. If you would have bought every month a amount of BTC defined by you, you would be in big wins even if the price was half of it is righ know.
What i learned from this? This crypto world always gives you something if you have patience, patient people buy what the impatient sell to later profit from it. So all you have to do is select coins with big use cases and keep buying the same amount in dollars every month. You will give stability to the project and after that you will profit.
Patience is one of the big secrets of the crypto world. Patience is almost a sure thing in this world. Remember that if you not sell you aren't in a loss yet.
Best Regards,
Cryptopeach
