The only cryptocurrency that was able to reach great heights and then achieve a greatest fall. Ninety percent down in a 12 months period, the price is now ticking at $3378.
Below I illustrated the movement of Bitcoin over the past month. Driving in the mountains, and now Bitcoin is rolling off the mountain, it went down from 6000 to 3378.
Optimists say that it will go up again soon, but this soon can happen 5 years from now. If you have the patience to wait that long, then go for it. Just like with the car analogy, someone can drive down the mountain and then drive back the the top and continue this up and down cycle. Or, drive down and stay in the valley for the rest of the life.