They have a short memory because they want to rush things, they think bitcoin will just grow in a parabolic way but it's not gonna happen as the consequences would be very bad like a long correction would happen.
Actually, I like the current trends, bitcoin break resistance make a high this year, then correct, then pump again make a new high then correct.
That kind of cycle looks interesting and bullish, so it's better to see some kind of slow but consistent than a big pump than would result to a big dump or big correction.
This is very easily explained, most of the market now want quick money, their greed and ruin. Everyone expects rapid growth, since “it's the same cryptocurrency, you can become rich in 2 weeks,” people wait for x10-100, this is not normal. How much does investing in a restaurant pay off in 5 years at best? How much does investment in real estate in 10 years, approximately, pay off? Why did everyone decide that you can invest 10 dollars here, in a couple of months you can take 100,000 dollars, which is the global illusion, I cannot understand everything. Now bitcoin has increased in value by 4 times, this is more than the end of a bear market. Actually, I like the current trends, bitcoin break resistance make a high this year, then correct, then pump again make a new high then correct.
That kind of cycle looks interesting and bullish, so it's better to see some kind of slow but consistent than a big pump than would result to a big dump or big correction.
We grow and grow gradually and that is good. So everything is still ahead and the most patient will be able to get their "good" profit.
