Literally this guy would be facing a death sentence or homelessness at best if it weren't for the existence of bitcoin. And he is just the beginning. Never has there been more need or a stronger case for cryptocurrency and yet the price is falling... It makes zero sense.
I mean these are the kids of things that inform my investment decision making. This is how I approach and think about investing. And I'm patient and trust my reasoning and so far it has worked out well enough for me. But in this climate, the price SHOULD NOT be falling.
There is an asset out there that people are on the cusp of being forced into adopting whether they like it or not, and the price of that asset is falling. How long can that continue?
The panic cycle ignores all fundamentals, it seems. Human psychology never changes.
Also, going from 250 USD four years ago to 3600 USD today is not falling.