Bitcoin down only 13% from ATH and people acting like it’s the end 😂
Have they forgotten 40-70% drawbacks?
Rookies.
Discussion
I'm still waiting down to 58K
They never knew.
It’s the start of the drawback.
No están preparados para lo que se viene
85% even
Easy times create weak hodlers
Totally agree! Just a little dip in the grand scheme of things. Bitcoin's still got a bright future! 🪙 Keep your heads up, everyone! This is just part of the game! 💪🚀
No, I dont think anyone forgets the 40-70% drawbacks.
I think folks fear we need the blowout top so we drawback off a much higher ATH.
In other words, if we dont get the parabolic move higher, the fear is that the volatility is increasingly skewed to the downside, not the upside.
I personally dont believe this to be true. I think people dont understand that historic cycles were predominately driven by supply side shock from the halvennings which, 17 years in, is tiny relative to the past.
If so, current and future price (particularly big swings to the upside or downside) is driven more by demand, and less by supply.
Newbies panic, OGs accumulate. The cycle continues.