Calm down, everything is fine. Chinese new year is coming.
Another January, gives us the little heart attack, but don’t be scared
and DO NOT panic sell.
There are few reasons why markers on every exchange are red this time of a year.
The main reason why BTC costs right now around $10,000 is, Chinese New Year.
It is like Christmas for us, and if you look at charts from December, you can also see that cryptocurrencies had dropped.
As we know, Asia has a lot of cryptocurrency investors and mines. Everything that happens there has a huge impact on the rest of the world.
Here is the chart that shows Bitcoin rate from the last three years.
As you can see every January, price of Bitcoin was dropping fast. It was going to normal in few next months. All I can say is learn, observe, think and never panic sell. In the next few weeks, everything should be as usual. The price can change rapidly and you know that already.
Share what you think with us here in comment section or via Facebook.
If you want to comment this article, visit our Blockchain24.co forum!
The blockchain24.co site shall not be held responsible for any consequences resulting from the use of data contained in the pages of the site.