Post
Topic
Board Bitcoin Discussion
Re: Throwback: Bitcoin was $64k today, a year ago.
by
Hamphser
on 28/10/2022, 19:43:36 UTC
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.
Optimism is important, after all what we don't believe today about bitcoin might happen in the future. I realize that bitcoin is a highly volatile asset, so anything is possible when there is a lot of fresh money coming into the market. You and I may not know what will happen at the end of the year especially regarding the bitcoin price, but anything is possible.
Anything is indeed possible but we shouldn't really make ourselves that too hopeful for things that might take up for too long or wouldnt really happen at all.Its true that we didnt really expect that bitcoin would

reach up $64k into its ATH which it is really indeed a mistake for those people who had been holding on not to sell into that price point but since we dont know on how things do really end up then we are

really still hoping that it could reach up on 6 digits which i couldn't really blame people for that.This is why we should really be wise on making a sell whenever we do have hunches that this
might be the peak for us on at least having that kind of advantage and doesnt really need to wait up for that long.