Bitcoin has gained so much popularity and recognition in the past few years that it rose from nominal prices to almost $69000 in 2020. It however gained hundreds of billions of dollars in capitalization over the years. The situation has changed with both appraisals/approvals and backlashes on the cryptos by some countries, especially government officials.
Inflation is another problem, and they have successfully caused Bitcoin to remain at lower levels compared to its all-time peak of almost $69000. Its market capitalization today is a little above $454 billion, which is still a good value. However, in events that more backlashes and higher inflation negatively affect the crypto some more and finds itself at about $1000. What would be your reaction? Will you turn your back on Bitcoin or has your investment just begun on it?
As for me, my investment has just begun. I have learnt from my past mistake.
Whatever the reason for the fall of bitcoin, I will still buy and buy then will hold it once more. Because I know that it will increase and increase in the market. And I know if this is what the majority will do, that's for sure. Then I know that in the reality of what is happening now, bitcoin cannot fall to such an amount. Because as the year passes and increases and every time the bitcoin halving happens, the value of bitcoin continues to increase in the market.
And many people witnessed this event. So most of the crypto space believes in that. That's the truth that most people in this industry also believe.
