Re: The problem is that it could take again many years to recover
I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.
A lot of people are already dead between yesterday to today and that dont have anything to do with whether Bitcoin will get back to $100k before a proper bear market or not. However it is not any time we see a correction, we scream bear market, all this shift are expected in the crypto market and if it so turned out to be the real Bear trend, then you know you most have been preparing for it all the while you where trading and dont be caught up. Lets not forget that this season, there where more Institution Investment into Bitcoin and other cryptos and I am hoping that this will change the nature of the length of the bear market if it does commence.