Over the last 24 hours, Bitcoin is down 26% (BTC current price 13k) along with Ethereum and all Altcoins. People are calling it a crash and the friends and coworkers that you told about Bitcoin that ended up purchasing are probably calling you frantic asking what is happening. This is the correction that has been needed since 9k.
For the newcomers welcome to the other side of CryptoCurrency. This isn’t something new or something that is going away. It’s the same reason that everyone from Coinbase to longtime investors has warned to invest responsibly and don’t invest money you can’t afford to lose.
This is volatile industry and Bitcoin and the Altcoins aren’t money printing machines. When you read about people taking out loans or investing everything you generally read the success stories, however, there are plenty of people who took out loans and purchased when Bitcoin was 19k. While Disruptive Financial isn’t an investment company and we are not investment experts we here would like to say please educate yourself about the risks of crypto and invest responsibly. This is a bump in a road that was needed. For the Hodler take some time to stop constantly checking you Blockfolio account and enjoy the holidays with your family!