Just seen this tweet from twitter today and it couldn't be more exciting to watch on how it will play. Will it mark to the -80%+ or -90%+ just like in the past or that -77% is enough to stack for the next bull run?
The "Bitcoin is dead" narrative will always show up at times like this and as always once most are fearful in the market, that's the time to buy.
The "Bitcoin is dead" narrative will always show up at times like this and as always once most are fearful in the market, that's the time to buy.
Look at the chart, we can see the decrease in each cycle is getting lower and lower than the previous one and from the chart, I think we are very close to the bottom in this bear season. But one more thing can be seen is that the market is getting bigger and the volatility is also decreasing, once bitcoin is bigger and more mature, there may not be so much volatility left for us to have a good chance of making a profit.
Maybe bitcoin will fall further as we are in a volatile economy unlike previous years but at this price, this is too cheap for us to buy. Take advantage instead of waiting for it to decrease further because no one knows if it will continue to decrease or will increase from here.
