In 2017, we observed the period of the hype, now it is slowing down. At this rate, we simply go out to the bear bitcoin market. The change of paradigms in the crypto-currency market is quite normal. The bitcoin rate can not be linear. But it also can`t take new heights every day. The change in the price of bitcoin should be assessed at least for an annual period, rather than comparing the current rate with the maximum value.
THIS!! 100%
This comment passed unnoticed by most of the people. People try to compare something that`s impossible to compare, people wish charts to be linear and to go only
up. That hype was about many new people joining, they didn`t think about technology, they just wanted to make fast profit and whales took that opportunity.
It doesn't have to that's why. It doesn't have to grow insanely every single year, it doesn't have to grow at all, it can go up or down or go sideways and the market owes no one an apology for dropping.
Some people bought bitcoin for quite cheap and sold it at around $20k or whatever and than there was some people who thought bitcoin will skyrocket more and because of the $20k there were more people who heard about it and wanted to get in and make some money from it seeing how everyone else did but than the market was like "that is enough of this" and started to drop and now everyone keeps asking if or when will the bitcoin price go back up because they got it too high.
Well, no one forced you to buy too high, you saw people that made x3-x5 and even x100 who knows and decided to get in and be really rich but things didn't worked out the way you want it to and now you feel like you are "owed" that x3-x5 or even x100.
Some people bought bitcoin for quite cheap and sold it at around $20k or whatever and than there was some people who thought bitcoin will skyrocket more and because of the $20k there were more people who heard about it and wanted to get in and make some money from it seeing how everyone else did but than the market was like "that is enough of this" and started to drop and now everyone keeps asking if or when will the bitcoin price go back up because they got it too high.
Well, no one forced you to buy too high, you saw people that made x3-x5 and even x100 who knows and decided to get in and be really rich but things didn't worked out the way you want it to and now you feel like you are "owed" that x3-x5 or even x100.
You are right, market owes no one an apology. It`s market, if you know to read it you will make some profit, if not you will lose money. Practice and learn more about it
and maybe you can be better. It`s one thing when you invest in speculative market just for profit and when you invest in technology in long-term.