Quote from: istiak2277 on Today at 08:09:42 PM

Quote from: EarnOnVictor on August 29, 2022, 06:30:22 PM

A Lot of damages have been done to Bitcoin in 2022, which is partly due to the economic woes of the world and high inflation plaguing global markets among other factors. The Crypto has been holding its ground tightly above the low of June 2022.

My question is, will Bitcoin hold the rest of this year above the low of June at 17625.00 or the level will be breached before 2023?

I do not want to call it damage to bitcoin. I think this is your first bear cycle in bitcoin. What is happening in BTC is pretty normal and healthy for the whole ecosystem. BTC market is matured and it made a clean up after every bull cycle to get rid of shit project and week hands. Those who survive the winter of bear market enjoy the hot meal of bull market in the next season.

I guess -70% in a bitcoin bear market is just normal, although for first time users who haven't seen a bear market, it might be a concern and really having a hard time digesting what is going win, and yeah, it's really damaging for them.

But for us who have seen it already, it's just a mental thingy for us. Just keep on grinding every day for regular traders and then for average joe, just accumulate and wait for the next bull run. And if by chance we see another lower low for this year then good for us as we can buy at a discount.