Exactly a year ago, Bitcoin is only valued at around $4,100. From this fact alone, we can conclude that we have not really went down too low. On the overall, the price is still around $2,000 more today as compared to the same day last year. In fact, in the next three days after reaching $4,100, it even went $1,000 lower, reaching around $3,100.
Therefore, we are still gaining. I don't understand why people are in panic mode when we are definitely higher than the price a year ago.
This is not how all the people in the bitcoin community evaluate the market. Actually when people draw out the state of the market they would not consider this long history of the bitcoin and make out a conclusion. people will watch put the performance of bitcoin when the market was green and then, they will compare it with the current position. So of course they will feel disgusted about the market. But what they fail to understand is market cannot be always as per their expectations. Where there is risk, there will be return for sure. Therefore, we are still gaining. I don't understand why people are in panic mode when we are definitely higher than the price a year ago.
