Yet today, I saw the image above and it suddenly got the question into my head, Is Bitcoin still dead? We've all seen how Bitcoin has weathered through all the critics and FUD to breaking above USD 70,000 steadily since the beginning of 2024. There's all indication it's headed toward USD 100,000. What are you all thinking about these feet.
Should those who didn't buy all along dare to jump in or would you recommend going for ALTs as the rising of Bitcoin often drag along the altcoins. Let me hear your thoughts?
I'm still quite confused by the saying that Bitcoin is still dead because Bitcoin's journey is still showing quite significant changes which continue to increase. Many conditions have occurred so that Bitcoin has gained quite good momentum in the market and adoption has also continued until it cannot be stopped. FUD and all the prohibitions that had been shown to bitcoin seemed to just disappear after bitcoin experienced a significant price increase and this was influenced by people's increasing trust in bitcoin.
If confidence in bitcoin has grown then buying at any price is no problem, as long as they can hold bitcoin for the long term. The cycle will show the new price once the ATH arrives so whatever price it is purchased at doesn't matter. Everyone should try to take advantage of Bitcoin's rising conditions to make a profit, even though sometimes the purchase price is a problem for some people because it is too expensive.