Bitcoin and the crypto market built its reputation on a simple promise: buy and hold it, and eventually you’ll be rewarded but right now, that belief is being tested. Following one of its biggest declines in recent years, roughly half of all Bitcoin holders are now sitting on a loss. 

Think about it, millions of people who were told crypto was the future are now watching their investment trade below what they paid. While it’s easy to believe this when you’re making money, it’s much harder when you’re losing it. If enough investors begin questioning the story, panic can quickly replace conviction and if that happens, this may be the precursor to a larger sell-off.

Adding to the concern, last week Bitcoin just suffered its worst…