Pomp Shared: Bitcoin has dropped 50% or more at least 4 times in the last 4 years. Every time people panic, rather than get excited. Humans are weird.
Community Response: Investment thesis: Price is what you pay, value is what you get.
Because people believe Powell more than Bitcoin influencers and Whales. Although, Bitcoin is decentralized payment system (Lol) and its market are not being manipulated by Whales. People mistakenly think Bitcoin market is manipulated and they trust Powell more than Whales.
Keep digging. Once you understand Bitcoin, like I truly understand it, you will buy it at any price.
I still don’t understand why people are selling at a bear market. I can only understand if there is something urgent. I bought a lot of BTC during the last months.
In the long run BTC has a bright future but allow me a consideration. An investment, an asset that loses over 30% in a few days and twice over 50% is an asset to stay away from or put a chip on it. It is not the safe-haven as it is described.
It’s all about risk appetite and time horizons. If you are in your early 20s and 30s you can afford to take on more risk. The majority of the new generations can’t afford the equity and real estate markets. Bitcoin (BTC) gives them a chance to accumulate wealth.
During the dip good investors make large gains and the emotional investors learn lessons. We all start off as emotional wrecks. It takes time and experience to learn the real value offered and on how to tune our gut out and then listen to logic.
I was late to the game so I got excited when it drops. More time to accumulate. The more people learn about Bitcoin the less chances we have to accumulate. After a green 8% candle, everything will appear fine again? This is how bull traps work.
The panic is good for smart investors to make a large purchase. Those who sold and then bought the dip got rewarded, what does this incentive say about the future. People panic because they’re worried, they are the greater fool. It isn’t the same as buying productive assets. Many pretend BTC has worth more than what they actually paid for it.
But 50% of those drops occurred in the last 1 year. The drops are getting more frequent.
Those that panic have a short time horizon on Bitcoin. Weird. Humans only get excited when Bitcoin reaches the top.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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