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.
Think a few moves ahead. How can this tactic be used against you? How can you use it yourself?
Earlier this week, Burger King released a broadcast television ad that opened with an actor saying, “Ok, Google, what is the Whopper?” thereby triggering any Google Home device in hearing range to respond to the injected request with the first line from the Whopper’s Wikipedia page. Google very properly responded to the injection attack by fingerprinting the sound sample and blocking it from triggering responses. However, it seems Burger King and/or its ad agency are either unwilling or congenitally incapable of getting the hint, and has released an altered version of the ad to evade Google’s block. According to spokesperson Dara Schopp, BK regards the ad as a success, as it has increased the brand’s “social conversation” on Twitter by some 300%. It seems that Burger King thinks that malware-laden advertising infesting webpages is a perfectly wonderful idea (in principle, at least), and has taken it to the next level by reaching through your TV speakers and directly messing with your digital devices. You may wish to consider alternate vendors for your burger needs.