Hey folks, Bitcoin is coming down, hitting a certain price never before seen in probably 90 days. I know that's not really bothersome. We've been in countless similar situations in the past. But we know others are probably troubled when Bitcoin is losing almost 40% from its ATH price. The fear level has risen. As a matter of fact, extreme fear is being recorded for the last couple of days.
[1] Perhaps a reminder from the mayor of New York City could help ease the fear. Take note that this is the man who promised to take his first 3 paychecks in Bitcoin as mayor. When asked if he had received his paycheck in Bitcoin already, and was told that the price of Bitcoin has come down, he simply laughed it off saying,
"Well, you know what, sometimes the best time to buy is when things come down so when you go back up you've made a good profit..."[2]So, there you go, as simple as that; these are buying days, folks! Let's all enjoy the bargain sale!
[1]
https://alternative.me/crypto/fear-and-greed-index/[2]
https://twitter.com/SquawkCNBC/status/1479069915281870853We have been down more than 50% from it's ATH before back in 2018. So it is really nothing new. Those who are selling are the ones that are taking the profits or the ones that are new to the market and panic selling whatever they are holding. They will learn something new from this. At least this is creating opportunities for new investors to join the market. Now is the best time to buy and hold. And you are right, everyone who has been playing with crypto currencies know that is is a bargain sale going on! Won't last long.