Bitcoin Crash?

The short version is no, Bitcoin didn’t crash. It corrected. It’ll be going back up soon. (By the way, this is why I advised you to sweep your profits yesterday.)

If you didn’t have any BTC to sweep when it was high, today’s a good day to buy. At the time of this writing, Bitcoin is at $9250, which is down significantly from the $11,800 it was briefly at yesterday — and it’s higher than the bottom it hit last night at $8595.

I should also point out that you don’t need to buy a full Bitcoin. You could go by a minute fraction of Bitcoin ($20 even), and then when it doubles, you move that $20 of profit to something else. I don’t advise transferring it back into USD, since the government is suddenly very interested in who’s ‘doing Bitcoin’ and making money. Go to Gyft.com and buy a giftcard for any one of hundreds of stores. Use it to pay for a silver coin. Whatever.  There are plenty of things you can spend your Bitcoin profits on.

One Reply to “Bitcoin Crash?”

  1. You’re right as rain again. Although I don’t see it as a market correction so much as market manipulation by many well meaning investors cashing in on their profits, and reinvesting at a lower level.
    It’s already almost $10, 000 again, so anyone cashing out at could easily have made $3000 on each coin. That’s a lot of gold, or 1/3 a BTC.
    This is far from the end of the rise. Limited supply and high demand assure that.

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