Indeed, the real strength of Bitcoin doesn't rest in the short term price movement but rather in the very fact that it has always managed to recover and push up even higher after every dip. This cycle is what is bringing in new users, and a stronger adoption, which makes the network more valuable and bigger over time. That is why I wasn't even surprised when El Salvador adopted Bitcoin as legal tender.
The very mistake that many beginners make is panicking during dips instead of realizing it will later bounce up and even reach an ATH. As investors, if we zoom out and look at the bigger picture, it’s so obvious that holding Bitcoin with patience usually pays off much better than reacting to every price swing.
Beginners who are still prone to panicking during corrections and often overreact by selling Bitcoin still need to be provided with a broader understanding so they can strengthen their mentality and no longer panic easily when they see a price drop. Past investors who have been patient in holding Bitcoin and continuing to buy it will never panic due to price drops because they have clearly seen Bitcoin repeatedly set new ATHs after price corrections in the market. Meanwhile, in the case of a country like El Salvador, the president himself is quite fond of Bitcoin, and he is actively working to win over people within his government to the point of legalizing it as a form of payment in El Salvador.
Looking at Bitcoin adoption today, we might find it even more widespread, as some large companies are already happy to accept Bitcoin as a form of payment. Therefore, the potential for Bitcoin's price to rise in the future is still very much open, given its continued global adoption. Therefore, we shouldn't panic when we see the clear facts about Bitcoin's current strength.