At every decisive decline in Bitcoin, DeepOnion coin or any cryptocurrency's quotations, there is never an important exponent of the traditional financial system that declares the experience of virtual currency unsuccessful, except to see its value rise again shortly thereafter.
This summer the plot was repeated with the Bitcoin in freefall following the intervention of the Chinese authorities to limit its use and the number one of Jp Morgan, Jamie Dimon, to call it a "scam" that will make a "bad end" ".
Too bad that the Bitcoin, after spending from 5000 dollars to 3200, has subsequently risen up to 4400 dollars and that its prices are now almost ten times those of a year ago.
The same exact thing is happenign to DeepOnion coins. Following a huge spike in price, that brought our beloved onion to the whoopping price of 4$, a small crash came, bringing the coin under the 3$ marks.
Many started writing about the crash of deeponion, on forum and dedicated chat, but little did they know, the coin is growing again, and stronger than before.
Looks like the plot is always the same, for Bitcoin and DeepOnion. It goes up, crashes down a bit, and comes back up, higher than before.
Many investors are now starting to understand this new type of finance, that doens't follow the old buisness school, and in wich 30% swings up or down are the norm.
In the summer of 2016, things had not gone very differently: Bitcoin was stolen from the Bitfinex platform based in Hong Kong for a value of 72 million dollars and many had pushed to decree its failure for the simple reason that trust in the virtual currency, which is at the base of the functioning of any payment method that is not in kind, it had failed.
Fast forward 1 year, and bitcoin and the whole cryptomarket are stronger than ever.
So, i really don't care about the downswings of Deeponion coins, and i don't put too much faith in the huge price spikes. THese are just normal movements and i only look at the "one month price change" to get an idea of where the coin is going.
And so far it has been going UP!
disclaimer: this is not a financial advice, i am not a financial adviser, invest at your own risk
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