A crash is still a crash even if you have a cyclical commodity. However, there is no fundamental reason to believe the bitcoin cycle continues indefinitely. In fact there is ample reason to believe it finds its intrinsic value of 0 eventually.
We've likely already passed peak market saturation. CNBC has been pumping the coin for years now, it has its own ETF, ponzi scheme companies like (Micro)Strategy cashed in big, everyone and their mother has heard of it. Be happy you made whatever you did and buy something of value.
Sure, let's talk in a few months time. I've been hearing how it's literally going to 0 because it has no intrinsic value and how it's going to burst any moment now for 10+ years and it just keeps growing, it keeps getting more widespread and more institutionally recognized. Bitcoin fud sounds awfully similar to the climate change doom and gloom - any time now for the past 50 years.
I never sell and till buy the dips because even at 100k it's peanuts for the actual value of bitcoin in the near future when scarcity settles in and very few people worldwide would own 1 BTC or more. No other asset, including real estate and gold (and I have both) can match it.
Ok you're a bag holder, we get it.
A crash is still a crash even if you have a cyclical commodity. However, there is no fundamental reason to believe the bitcoin cycle continues indefinitely. In fact there is ample reason to believe it finds its intrinsic value of 0 eventually.
We've likely already passed peak market saturation. CNBC has been pumping the coin for years now, it has its own ETF, ponzi scheme companies like (Micro)Strategy cashed in big, everyone and their mother has heard of it. Be happy you made whatever you did and buy something of value.
Sure, let's talk in a few months time. I've been hearing how it's literally going to 0 because it has no intrinsic value and how it's going to burst any moment now for 10+ years and it just keeps growing, it keeps getting more widespread and more institutionally recognized. Bitcoin fud sounds awfully similar to the climate change doom and gloom - any time now for the past 50 years.
I never sell and till buy the dips because even at 100k it's peanuts for the actual value of bitcoin in the near future when scarcity settles in and very few people worldwide would own 1 BTC or more. No other asset, including real estate and gold (and I have both) can match it.