Bitcoin down just because of Coronavirus? Do we sell or Hodl?

By dkaushal | Crypto Profit | 14 Mar 2020


Hello Everyone. 

 

In last few days Bitcoin shows a heavy decline in the trend and this is the first time ever in the history of Bitcoin we week this much decline. Now everyone is blaming Coronavirus about the recent dip. However, Do you really think that it is because of the Corona Virus? 

I agree that with all latest news and issues regarding the Coronavirus, the rates are getting down a bit. However, this much decline is not totally to blame only one thing. If you go back and see when the Bitcoin reach its all time high it shows a great decline in the rates and many traders lose their position. 

However, this is why the Bitcoin is created for. Its Volatile nature is always help in increasing its price. I have always see the speed it goes down, it always come back in double speed surprising everyone(Specially the critics.). 

So I recommend hold your breaths relax and wait for it to surprise you again. 

 

I am HODLing all my portfolio. 

Let me know what you think about it in comments below.

 

Edit: We are going good. Keep Holding and earn more. Yeah! 

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dkaushal
dkaushal

I am working as Team Leader in TOP US based Telecommunication company. Trading crypto from past 5 years. I am fun loving person and passionate about increasing my portfolio and helping others.


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