Cryptocurrency Bear Market Call to Action- You're Not Taking This Seriously
If you're reading this, I have some straight talk to share with you. You're not taking this buying opportunity seriously- this is an opportunity to lock in gains for 2020 and beyond. If you want to build generational wealth, now is the time.
During the Great Recession of 2008, shares of Amazon stock sunk to $3. Savy investors saw their investment soar over a decade with the Dow Jones Industrial Average and the NASDAQ. The bull market of 2008-2020 was largely focused on the tech industry. Holders of Google, Amazon, Apple, Microsoft and Facebook have profited as the stocks have split and rose. Investors took a leap of faith when the market sunk, and have profited with generational wealth. Now is the time to take a similar stance in the cryptocurrency market.
Some analysts are calling a $1,000 bottom to Bitcoin, representing a potential 90% loss year to date. Would you bite the bullet and catch a $1,000 Bitcoin? Can you imagine what the cryptocurrency market, altcoin market and general world economy would look like if Bitcoin stood at $1,000? If you hesitated, you're not ready. I would buy $200 Bitcoin. I remember when Bitcoin was $200. I wish I would have loaded the boat then, and if we hit $1,000 in 2020 I am in!
As a cryptocurrency enthusiast at present, we are presented with an opportunity. Amazon is a visionary company that was a compressed spring at $3. Years of growth and adoption saw the company share price grow to $2,000 and its footprint expand to a $1 trillion marketcap. Bitcoin and the cryptocurrency are compressed springs.
Famous investors including Warren Buffett have bagged on Bitcoin, calling it a "greater fool" investment, and implying that cryptocurrency has no discernable measure of value. Dave Ramsey and even President Trump have expressed displeasure with Bitcoin due to extreme price volatility, a difficult valuation metric and its use in criminal enterprise. These excuses are just that- excuses. This is an opportunity to buy while the assets are bleeding. Guts and faith are required to buy low and sell high. If you would buy Bitcoin at $10,000 due to its unique value proposition, why wouldn't you buy at $1,000? Price is just a snap shot in time after all.
Now is the time to purchase cryptocurrency. When there is blood in the streets, after a 50% crash in 2020 year to date and investor sentiment at a historic low. The Bitcoin rewards halving is coming soon. We need to keep perspective and keep buying.
Originally published in my Publish0x account I own at:
Also published in my Steemit account I own at cryptoedify.
Sources:
Picture from Pixabay.
https://www.coindesk.com/record-bitcoin-price-volatility-fails-to-unnerve-hodlers