Post
Topic
Board Bitcoin Discussion
Re: A quick reminder from Eric Adams, mayor of the City of New York.
by
mk4
on 07/01/2022, 17:17:46 UTC
it is all about point of view. some people look at the empty half of the glass and some people look at the full half of it. obviously when you look at the ATH at any time we will be below it, even a second after ATH was hit we will be below it! but a better POV is to see that a year ago price was barely 5 digits and wasn't long before that price was $3000 and now it is so much higher than that.

even a better POV is that when price was $3000 people were also panicking and selling their bitcoins.

Yep. At the very least compare the current price to the price 1 year ago or the price at the start of the year. Comparing against all-time highs will only give you a very bad picture especially if it's a blowoff top à la December 2017.