Damn the year went by fast, I haven't thought about the high bitcoin price last year for a while. Crazy how the world changed completely in so little time. Honestly, who would have thought 2022 is going to look like that. It would be nice for bitcoins to rise to it's old ATH again, but that is not realistic at the moment. The global economic situation have completely changed, more and more sanctions are being issued, the inflation is destroying wealth rapidly and the prognose for next year is not really better. Right now investors are very cautious and afraid to buy risky assets like crypto currencies or stocks. The world needs to normalise again until we see higher bitcoin prices. It's still nice to dream and remember how good we had it in 2021.
Yeah, time flies so fast that we haven't noticed it's already a year when we've been in the ATH. We all just have to wait again for it to comeback to the last ATH. It's going to be another matter of time until we see it again, the world economy situation is somewhat unstable and so does bitcoin.
I think this post and the post of coin gecko would somewhat serve as a sign or a perspective on what Bitcoin can do in the long run and how its importance in the world, not just as a speculative asset. But it's important not to forget people who have also purchased at the top and lost money right now. But if they are to wait and believe that it could go back, it is going to work.
Those that have experienced many bull runs and bear markets would have the idea already on what can happen in a short period of time. Like those that have bought at the top of 2017 that was followed by a bear on 2018, if they've waited for about three years, they're in recovery. And might be the same for the case that have bought last year at ATH, they could do the same thing for three years and accumulate more.
I didn't bought from the top. I've just regretted letting go of BTC too early when it was around $12k when it suddenly pumped to $30k by the end of 2020. I was even hesitant to buy because I am hoping for it to go down again to at least $15k, but instead it shoot up to $60k+.
With my extra money every month, I just put a percentage of it to DCA with Bitcoin and also adding Ethereum as well. I just don't know when will it be going up again but I always believe that the best time to build and accumulate wealth is when things are going quiet like the bear market we have nowadays.
You're not alone with that, when we have to sell even not at the top of its surge. That's okay, as long as you're able to put that money in good cause, you can still consider it as a good sold time. And with your strategy of DCA at this time, just be consistent with that and you'll see how profitable it is but it has to take time.