Bitcoin has taken a sharp fall in price to below $9,200. Bearish momentum is building in the charts, as speculators who panic bought when the price was rising are panic selling as it falls.
During Bitcoin's 2017 surge from under $1,000 to nearly $20,000, many new investors piled into the market with minimal knowledge about what they were buying. This lack of understanding of the technicals and value proposition behind Bitcoin, combined with only having experienced a bull market, has turned the fear of missing out into the fear of being left holding the bag.
Bitcoin veterans, on the other hand, have seen this all before. The fundamentals haven't changed. It's a time to stay strong, knowing that BTC has always bounced back bigger and better than ever. While this current correction may not be over, neither is Bitcoin. The long term future is bright. Bitcoin to the moon!
Bitcoin to the Moon is a blog dedicated to following the original cryptocurrency on a journey to its ultimate destination.
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