Pop goes the BTC.
just dropped to $19K , next support level $13K.
Oh no!
I was just looking at the price and it's $19500! Here we go, the price is likely to really drop more than it was. We don't know if this is going to continue to $13k but yeah, it's possible by just looking at how quick it plummets.
Downnnnnnn
Well, that's it. Welcome to $19k but do we need to look at it negatively? Sadly for those who have bought at the top yes but, do not forget this is buying time.
I don't think even those that bought at the top should really look at it on a negative note. Imagine those that bought at the previous ATH of 2017 for around $20k, the most important thing is for you to be able to have patience and this is difficult if you don't have believe in Bitcoin. Guess we've been here several times before and those that were able to HODL thru 2017 Bear didn't remember that when the market reached another ATH in 2021. All you need is just to HODL.
Here is the mistake bitcoiners make,
Past Performance is no guarantee of Future Profit. The main difference between before and now , is the baby boomers in the US were throwing money at any investment since btc creation,
now the baby boomers are retiring and moving to non-speculative investments like cash and bonds, so the new future might be very different from the past.