For the last 4 months there's been a lot of FUD and a lot of people stopped believing in the better future. What happened to bitcoin, when it went down from $20k to $6k seemed unique and frightening. And yet it isn't. During November 2013 bitcoin went extremely up in terms of the price and topped at about $1.2k. However, 2014 wasn't a good year for bitcoin, because it dropped from that high price down to $250 at the beginning of 2015, so I might've looked back than that bitcoin would never be great again.
https://i.imgur.com/6QdogmA.png
But as we all know not only bitcoin recover (it took the coin another year to do that), but it also went up 20x since then. This year we have another very similar price drop. The only difference is that the market capitalization is a lot bigger and that lots of people care about what is happening with bitcoin nowadays.
https://i.imgur.com/0DoK0Js.png
So we really should not be afraid so much, since we have a historical example of bitcoin getting out of a similar situation before.
I totaly agree , it is normal when something jumps very fast that the drop will be much faster and of course longer recovery it's needed . This is not just happening in crypto world if u look at joint stock companies the same thing is happening to them , so stay calm and dont panic https://i.imgur.com/6QdogmA.png
But as we all know not only bitcoin recover (it took the coin another year to do that), but it also went up 20x since then. This year we have another very similar price drop. The only difference is that the market capitalization is a lot bigger and that lots of people care about what is happening with bitcoin nowadays.
https://i.imgur.com/0DoK0Js.png
So we really should not be afraid so much, since we have a historical example of bitcoin getting out of a similar situation before.
