The End of Bitcoin? (Or Just Another Day at the Office?)
An opinion piece from a long term investor, miner and analyst
While I regularly comment on up to the minute market activity when talking to representatives of the media, I rarely write “time sensitive” articles on Medium. Usually, I like to keep these “evergreen” so that they always remain relevant to people going forward.
However, it occurred to me that the current market bloodbath — this time no doubt sparked by Elon Musk’s flip-flopping on Bitcoin and an old Chinese position on crypto being widely, and incorrectly, interpreted as a new one — is not really the “news” some of us may think it is.
After all, those of us who have been in the industry a long time are completely used to these periodic corrections. It’s happened before, and we’re certain it’ll happen again. It’s only the source of the spark that changes.
In other words, to us this is just another day in the office.
If you’re relatively new to the space, however, then you may be feeling terrified. Perhaps you’re even thinking you should sell now while you still have most of your investment? What’s the right move? Is it over for crypto?
These are all good questions, but you can’t help feel the emotion contained therein…
