do you think this can continue to rise towards recovering people who bought at a price of $ 14,000 at the beginning of last year?
I wonder how many of the people who bought at $14,000 are still holding.
I would wager the majority of them have panic sold a long time ago, either never to be seen in crypto again, or to again stupidly FOMO on the way up.
Yes, that may be correct. Last year many investors entered a market by thinking that they can make a quick money from cryptos. When prices started falling regularly and some government called cryptos has a Ponzi scheme most of the new investors might have already sold all their coins at losses. But I do believe that some of the old investors like us might be still holding some coins and averaging down their prices around 6K so no need to wait until 14K to get back our money.
maybe it's one of the worst effects of the year, many of whom don't like the development of bitcoin so far it has been dropped in such a way that it is detrimental to investors.
but it's true you said, when the investor is smart to manage it, it may not be necessary to wait, but if the investor returns to the price, then it can be ascertained to improve again.
I hope there will be a lot of surprises later in the year.