Bitcoin's price has dropped significanty, and there is a great deal of FUD and pessimism in the market.
The Fear and Greed index is at 12 today
https://alternative.me/crypto/fear-and-greed-index/ - close to as low as it has ever been.
Strangley or not though, I'm not worried. For me this just seems like part of the plan.
I'm not interested in wha the price of Bitcoin is today, this week, this month, or this year. I'm interested in what the price of Bitcoin is going to be in 2, 3, 5, 10 years time.
This could be a great buying opportunity for additional accumulation (not advice).
The majority of sentiment on this forum seems to be positive, but I am seeing some uncertainty.
So it would be good to ask people - Are You Scared or Worried? And what worries you? Or why are you confident?There is nothing to worry about we had a moving average crossover on the daily chart which has led to this bearish move for the time being. But I think there is nothing to be scared of. Moreover the Bakkt trading hasn't done anything great for bitcoin the volume has been quite low. And it hasn't justified the hype which it was creating earlier. Price was dumped so many times when SEC delayed its approval decision so many times. I think even this dump was due to the ETF delay.