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Whether you are bullish or bearish on, one thing is certain — the first and foremost cryptocurrency isn’t going to disappear.
Sure, it’s been a rough year for Bitcoin (BTC).
After seeing it’s per-coin valuation skyrocket to approximately $20,000 in December 2017, the market leader has been firmly in the bears’ control. Every relief rally has failed. Each rally has less and less behind it. It just hasn’t been a lot of fun for the retail investor — many of whom have lost a lot of money — in 2018.
Bitcoin is currently trading at $7306 per coin, at the time of this writing.
The negativity surrounding Bitcoin this year has put many individuals off. Behind the scenes, however, there’s no reason to be negative.
The most important reason? Well, for starts, nothing has changed for Bitcoin fundamentally — or, if it has, it’s been positive.
The revolutionary characteristics of Bitcoin’s basic fundamentals simply cannot be overlooked, and provide long-term value to the best cryptocurrency.
Korus is right — so, if the bear market has you feeling down, consider actually investing in Bitcoin, as opposed to trading. Consider buying when it’s low, and then not checking the chart for a month. Don’t get caught up in the weekly boom or bust rhetoric.
Bitcoin’s not going anywhere.
What do you think about Bitcoin as a long-term investment? Do you agree with Korus? Let us know your thoughts in the comments below!
[Disclaimer: The contents of this article should not be taken as financial advice. Neither BeInCrypto nor the author are responsible for any investment decisions made as a result of reading this article.]
[Full Disclosure: The author of this article holds Bitcoin (BTC).]
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