I believe the reason it is happening more dramatically this cycle is because Bitcoin hasn't lived up to what it was sold as for many of the folks that joined during the endless money printing COVID er...
These cycles are clearly easy to understand. I agree with you that a lot of people buy in at the top of any cycle and then sell at the Lows. It’s human nature. And this will all happen again at a half a million or $1 million per bitcoin.
Bitcoin is gonna separate the speculators from the investors. Surviving that first cycle is pretty tough, especially when you’re young. I started buying bitcoin at $6000 and it went down below $3000. I’ve been buying every day since.
Bitcoin is gonna separate the speculators from the investors. Surviving that first cycle is pretty tough, especially when you’re young. I started buying bitcoin at $6000 and it went down below $3000. I’ve been buying every day since.