It is worth noting that until recently, Bitcoin was very cheap and “affordable” to buy. For example, in 2010, Bitcoin was worth less than a dollar. I remember one IT guy telling me that at that time, some weirdo was wandering around computer forums and offering people to buy 100 Bitcoins for $20. People responded that they were not that stupid to buy some incomprehensible digital fraudulent product. 🙅

Then in 2011, Bitcoin reached a phenomenal price of $32. Do you think people wanted to buy Bitcoin at such an attractive price? Of course not! After Bitcoin reached the price of $32, a bear market began, the first for Bitcoin, but certainly not the last. And during this bear market, people were not in a hurry to buy Bitcoin either.  🙎

However, even after 2013, when Bitcoin once again demonstrated that its price could grow, that it was a completely viable financial technology, billions of people living on planet Earth at that time still did not bother to buy at least one coin (note: even if they wanted to do this, there would not be enough coins for everyone). But most people were not interested in Bitcoin at that time ... 💆

During the bear market of 2018-2019, Bitcoin could be bought for 6,000 US dollars. However, people were waiting for the price of 2,000 US dollars. It was at this price that they were ready to buy the first cryptocurrency en masse. Why am I writing all this? Over its 15-year history, Bitcoin has repeatedly provided people with the opportunity to buy a coin at a very attractive price. However, only a minority took advantage of this opportunity. 🤷

If the price of Bitcoin now falls, for example, to 50,000 US dollars - do you really think that people will rush to buy it?  Of course not! People will probably scream that the bubble has burst and Bitcoin is a scam. And only a minority who truly believe in this financial technology will buy it.☺️