Bitcoin was a stellar year for me.
And this is why.
It has been almost 3 years since I started cryptocurrency courses, in which I teach retail investors how to buy, or sell, Bitcoin and other digital tokens.
In that time frame, I’ve observed that many investors enter when the markets surge up, but very few dare to enter during bear markets – exactly what is required when you talk about making huge profits.
The Bear Market
In 2018, investors watched the collapse in prices of various crypto assets.
The industry leader, Bitcoin, plummeted by more than 75% from $20,000 a coin to less than $4,000. This dramatic decline raised questions across the crypto space.
Is there a future of these assets and the blockchain technology that underpins them?
I personally perceive Bitcoin, and blockchain, as early-stage venture.
The difference is that, the price of this venture is now broadcasting live , minute by minute. Typically for early start-up companies, we do not get such price indications. The valuation of such companies is determined by investment rounds.