Most financial assets are volatile in different degrees. Bitcoin price volatility is known to be highly significant. It suffers from dramatic short-term price fluctuations conveying downside risk. However, from a long-term perspective, Bitcoin’s price is substantially up since early 2017.
Bitcoin’s Long-Term Skyrocketing Trajectory
Bitcoin is down considerably since early January 2017. However, if we calm the jitters caused by short-term Bitcoin price fluctuations and focus on the long-term trend, we can see that the cryptocurrency continues to perform spectacularly. As Ran NeuNer recently tweeted, “Bitcoin down 50% this year but still up 700% since 1 Jan. 2017.”
Bitcoin down 50% this year but still up 700% since 1 Jan 2017. pic.twitter.com/kxPds6GZUF
— Ran NeuNer (@cryptomanran) May 27, 2018
Granted, if you entered the market after January 2017, this information might not be relevant. Indeed, if you are a short-term cryptocurrency investor, you might be losing money.
Short-term and long-term investments carry different degrees of risk. Short-term investing carries more downside risk because it more closely resembles gambling.
On the other hand, long-term investment involves holding a vehicle for more than a year, or several years. Therefore, early Bitcoin adopters are doing well, even if they have had to suffer long bear market …
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