And you thought I was just being a spoilsport when I kept telling you to stop doing those stupid quizzes on Facebook.
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.
Bitcoin has gone through the roof; if you bought yours anytime before a month or so ago, chances are you’ve doubled your money, at least. That means now’s an excellent time to sweep some or even all of your profits into a precious metal.
As an example: if you started with $100 and now own $280 or so, go to your favorite merchant that accepts Bitcoin and buy $100-180 of gold or silver.
Basically, it means you get free precious metals, and it leaves your seed money in bitcoin to keep climbing while still protecting your profits from any drops.
It might go against your gambler nature and you might want to let it ride longer, but it’s far smarter to take the money and run…at least, take the profits. Since BTC shows no sign of stopping its upward climb, you’ll have more profit to sweep soon enough.