Post
Topic
Board Bitcoin Discussion
Re: Sweet sweet cry baby tears! Bitcoins long overdue bear market has begun!
by
Upgrade00
on 17/05/2021, 05:47:21 UTC
What if the tides were turned around and BTC reached $10k - $20k by the end of the year? Then what?
Then nothing, it's ironic that after 12 years of Bitcoin's existence and the quite explosive increase in price and adoption, people still come to focus in when the price dips or slips into a bear market. At the beginning of the 4th quarter of last year Bitcoin was less than $10k and it is currently above $40k, if you hold some you can use this opportunity to buy some more at a discount, if you do not hold some, you shouldn't take interest in the market movements as the holders understand its risk and potential (except of course you wish to buy).

If you want some good giggle... go check out the people crying on Twatter and Reddit.
There is always panic anytime the price dips, especially by more than 10-20%, this does not indicate a bear market, and if it does a lot of holders are not bothered.