so I have been in the game for quite some time now, buying/selling and even mining, being a native English speaker and too thick to learn other languages I have to suffice with what I have learnt, but the term "crash" every time the bitcoin drops 1% of its peek value is just absurd to me, As we have just dropped some due to tesla cashing out, and as far as I know, Every drop has been to some whale cashing out, so in what sense is this or any event like this ever a crash, this is a supply and demand, a crash is a critical error of the system! I am just fed up of watching you tubers saying there is a massive crash, no its a massive market correction people, The term crash imply there is something fundamentally wrong with the algorithm (like a 51% attack) and should seriously worry about our investment choices.
i am not worried, it will get there, massive ups with massive downs, and it would be a lot less if these videos and blogs would not hype the trend.
am I alone?
Collapse or accident is just the essence of pessimism. it is just an abstraction with invisible power for concentration in order to gain dominance by simple FUD information. That accounts for a majority of my thinking. Or what they were once haunting about upheaval in late 2017 and early 2018, some mixed feelings of doubt. Almost having to get used to them, the current bitcoin power was not in the "bubble" but it became a trillion asset. Bitcoin has slipped through a new threshold where the catalyst in origin is covid 19. There will be no symptoms of a 51% drop or worse. At least my beliefs are at this new stage!