~snip~
I vividly recall the November 2022 FTX crisis when Bitcoin's price plummeted, critics predicted its demise, and the media celebrated prematurely.
I vividly recall the November 2022 FTX crisis when Bitcoin's price plummeted, critics predicted its demise, and the media celebrated prematurely.
Do you remember what happened before that, that is, didn't we have another crisis that was actually the beginning and cause of the BTC price losing more than 50% of its value? Do Kwon started and Bankman finished, and millions who trusted them lost tens of billions of $.
Yet, none of this affected Bitcoin holders.They held firm and even increased their holdings over the next year.
I would not agree, because many lost a lot of money due to the above, and due to the economic crisis, many were forced to sell what they had kept for a long time. I think I won't be wrong if I say that the biggest holders are some very powerful people who have millions of BTC in their possession, and they can afford not to sell for a very long time.
The lesson is clear
Conviction matters. Accumulating and holding onto a scarce asset, regardless of volatility, can yield rewards. Looking ahead, with factors like the halving, potential policy changes, and a potential Bitcoin ETF approval, the next 18-24 months promise excitement. The world is slowly realizing the power of a dedicated group accumulating a scarce asset. it's an intriguing time for Bitcoin. Cheers to what lies ahead.
Conviction matters. Accumulating and holding onto a scarce asset, regardless of volatility, can yield rewards. Looking ahead, with factors like the halving, potential policy changes, and a potential Bitcoin ETF approval, the next 18-24 months promise excitement. The world is slowly realizing the power of a dedicated group accumulating a scarce asset. it's an intriguing time for Bitcoin. Cheers to what lies ahead.
I would agree that a lot of excitement awaits us in the next two years, and although we all hope for positive surprises, let's not forget about black swans, because they appear when you least expect them. As for the world and their understanding, if they haven't understood from 2009 until today, it is unlikely that they will understand in the near future.