Quote from: Iranus on Today at 05:06:43 AM

Quote from: jakdanyel on October 26, 2022, 06:32:16 AM

I remember those days like it was only yesterday. I'm surprised it's been a year. I think it's normal to drop. The value of bitcoin could not be expected to increase continuously. After each value increase, there will be a decrease. But such a drop came as a surprise, since everyone thought that bitcoin would reach the value of 100,000 dollars. The value of bitcoin will remain at the 20,000 dollars levels for a while longer. I don't think there will be a rise for at least another year.

It is true that time flies, we are still battling a volatile market caused by war and inflation without even knowing that a year has passed. But I don't think bitcoin drop is unexpected, like 2018 cycle when bitcoin hit $20k ATH people believe it will hit $25k, similarly, when bitcoin hits $69k, everyone wants it to hit $100k. It's our greed and that's why many losers when believe bitcoin will hit $100k. Bitcoin does not follow our thoughts, it is we who have to run after it, so never set your goals too high and then be disappointed.

sometimes it is true that high desires will not always be accompanied by certainty that can soon be realized, all may hope but the reality may not be in accordance with what is expected. indeed last year when bitcoin was moving to continue to increase, many predicted that the price would be able to reach $100K by the end of the year, but the fact was not fulfilled it could only reach $68K+ which is the latest ATH.
agree that what everyone's mind wants may not be in line with what bitcoin will do, even though the character of bitcoin is to keep repeating.
but in a situation like this which is in a prolonged crisis, I also agree that bitcoin will not be able to move towards improvement in the near future and it is not impossible until next year, the possibility of a repeat will occur after the 2024 halving.