After all the ups and downs that have accompanied the life of cryptocurrencies throughout its history, your regular investors will have already become more than used to these somewhat chaotic situations in which the valuation of electronic currencies changes overnight. tomorrow.
But it is also true that, for many others, this trend continues to be a kind of reason why not start trade Bitcoin with an online broker or under any other method.
And it is that when they occur drops of this type in the valuation of BTC and the other cryptocurrencies, many do not stop seeing this as one more reason not to invest in them. But it only takes a little review of this recent slump — as well as some of the previous ones — to put these kinds of events in context. Also to see that, perhaps, they can not only be something common and why no one should back down, but also a good time to invest.
Next, we will review this case bearing in mind, yes, that there is never a great time to invest in cryptocurrencies, but only one way to do it: with caution, a lot of study and always taking into account the many risks.
The most recent fall
Since the beginning of the BTC price recovery back in May 2019 It was not seen as low a value as the one Satoshi Nakamoto's coin showed these last weeks. As reported by the financial news website Bloomberg, the level of $ 6.500 per unit that Bitcoin showed on December 16 was its new support line and even some experts claimed that the price could fall to $ 4.000.
According to experts cited by the online version of this medium, the losses in the valuation of the main cryptocurrency could have been caused by the attack by the Chinese authorities on any kind of fraud related to cryptocurrencies, the constant presence of thefts and hacks of cryptocurrencies and the lack of confidence that these factors provoke in large investors. And yet, despite all this, it is also possible to think that this will not be the last fall. Because, probably, there will be a recovery. As it has already happened more times.
Past examples
Bitcoin price quote until December 2019
The historical valuation of Bitcoin —And from his hand that of the rest of the cryptocurrencies— is a mountain range of peaks and valleys that shows as nothing what it is common in this type of assets. The first of these flaws can be found in the early days of Bitcoin, when this name still did not mean that much, in the summer of 2011. At that time BTC came to be valued at more than $ 20 per unit after costing less than a dollar a few months ago. However, before the turn of the year, the cryptocurrency was back down to two dollars.
Again, the following summer again marked the beginning of a peak. Of the six dollars in June 2012, Bitcoin reached close to 1.000 in November 2013 ... until it fell in mid-2015 to close to 200 dollars.
But the best was yet to come. In early 2017, a unit of BTC cost close to $ 1.000. At the end of that same year, its price was close to 20.000. The time of madness in the BTC began. A year later it fell below 3.000. Half a year later it was close to 12.000. On December 16 I was, again, in a valley. In the valley of the 6.500.
The perspective
Seen as we have seen, no valley or peak in the history of Bitcoin has been irreversible. The prices go down and up unexpectedly and nobody, or almost nobody, can anticipate it. So, can it be said that this new valley is a bad time to invest? Well, the truth is that no. Why could it be, because nobody knows if it will continue to fall infinitely.
Or maybe, who knows, right now we are at the lowest point in the valley. And all that's left from now on is a new promotion. We will see.