In the recent weeks the value of Bitcoin has been slipping, and as a result almost all other cryptocurrencies have followed. Not only has Bitcoin slipped, it has crashed. In just a week it went from a maximum price of over $9,100 to a rock bottom of merely $3,850. Of course is has recovered some from the crash, and as of writing this article it stands at roughly $5,260, but is is still down by around 43%, and all this in a weeks time.

So why has this happened? Well it's impossible to pinpoint any one reason, there are a number of factors weighing in to the crash. Perhaps the most significant one is the steadily growing Corona epidemic causing people to panic and stock markets around the world to falter. This has in turn rubbed of on the cryptosphere and thus is a part of the price collapse.

As a preface to the next paragraph I am by nowhere near experienced enough in this field to give solid advice, this is just my two cents. 

And what should you do now? As an experienced hodler you most likely know that a dip is temporary and that the prices of a good investment trend upwards. If you believe that the cryptocurrency that you have a stake in is based on a sound program, such as BAT for example, then hodling might just be the best alternative for you. And perhaps a savvy eye can spy an opportunity for investment in a market where recovery is just around the corner.

If you invest too early it could spell folly, but do it too late and the opportunity has passed you by. Good luck with your investing and let's hope it all goes well.