Quote from: nullama on November 28, 2022, 04:01:06 AM

If you read Bitcoin history you can see that everything that's happening now has already happened before.

Exchanges going out of business, people losing their money, mainstream media talking negatively about Bitcoin, etc.

Bitcoin price fluctuation in the short term based on multiple factors, but with a steady long term increase.

The fact that Bitcoin is still alive and well after more than a decade means that it's here to stay now.

Price will continue to oscillate as it usually does.

Exactly. If you've been into Bitcoin for quite some time, you'll notice its price can either go up or down in an instant. It's like a rollercoaster ride if you ask me. Noobs usually believe Bitcoin is meant to always go up, simply because they think it's a means to get rich quick. But that's not the way it works. Right now, there's a lot of negativism surrounding crypto/Blockchain tech because of the Terra/LUNA implosion and the collapse of a big crypto exchange (FTX). This means lower market prices for Bitcoin during the short term. Long-term speaking, prices should rise as BTC becomes scarcer with every block reward halving (sort of). If the global economy restores by the time 2024 arrives, then there would be nothing stopping BTC from reaching a new ATH in price.

As I've said many times before, no one can predict the future. Just play it safe by never putting all of your life savings into Bitcoin, and you'll have nothing to worry about. Just my thoughts Grin