Quote from: yazher on August 16, 2023, 06:22:25 PM

There's no doubt about it since it attracts huge companies such as Paypal and others to turn their company into one of the crypto online payment as well. Bitcoin is huge and it never fails those who invested for the long term because they know based on its history that the price will recover over and over again. If only people would consider checking its past history, they would have known that the price is 100% recovered but doubt took them and they missed the most important thing, to sell those bitcoins when it reached new ATH.

But you agree that history cannot repeat itself all the time, or cycles and their duration may change in the future, and Bitcoin will most likely have less room for growth with each cycle, since it will become more expensive each time.

Perhaps we are now going through one of the last short cycles, and in the future the bearish cycles will become much longer, or their duration may change slightly, but at the same time, the increase in the price of bitcoin will not be as large as it was in the past. All this must be taken into account when we invest in bitcoin.