Despite the current bear market, bitcoin remains a valuable investment. Don’t give up on your hodl now.

Cryptocurrency News and Public Mining Pools

Despite the current bear market, bitcoin remains a valuable investment. Don’t give up on your hodl now.

It's been a rough ride for bitcoin holders over the past year. The bitcoin price has dipped below its 2017 high of approximately $20,000, and now it is back to levels lower than 5 years ago. We were told that if we held bitcoin for 5 years, we'd always be in profit – some people may be beginning to question their faith in this motto.

This bear market is certainly testing our patience! It is important to remember that even with bitcoin's many ups and downs over the past decade, it has still gained more success than anyone ever expected. Even though bitcoin's price is lower than what we may have been expecting when we initially chose to hodl it five years ago, there remains potential for bitcoin's value to increase once again in the coming years. Be sure not to give up now – hodl on! And for those looking to get into bitcoin – now might be a more attractive entry than before this slump.

submitted by /u/coinmarshal
[link] [comments]