OH NOOOOOOO

THE SKY IS FALLING

THE BUBBLE IS BURSTING

And I’m buying the dip, ehehe.

Why?

Because Bitcoin “crashes” every quarter. And its totally and perfectly normal behaviour. As per my previous post, let me update it a bit:

Bitcoin Crashes
Jun 16: -41%
Jan 17: -37%
Mar 17: -31%
May 17: -33%
Jun 17: -39%
Aug 17: -20%
Sep 17: -40%
Dec 17: -35% (as of now)

Bitcoin Prices
30 Jun 16: $636
31 Jan 17: $970
28 Mar 17: $1,195
31 May 17: $2,303
30 Jun 17: $2,455
31 Aug 17: $4,743
30 Sep 17: $4,388
31 Dec 17: ?

Can it drop further? Of course it can. Another 15% drop from where we currently are sitting at can be totally expected. Deeper than that though would be rather interesting and get my attention. Anyway, I will continue buying it as we go lower and lower. Because I’m just stupid that way…