Bitcoin was created in 2009 AFTER the 2008 international monetary disaster, so it has solely been by means of one main market downturn because it was created (COVID). To me, it’s not shocking to see Bitcoin crashing as a result of the remainder of the inventory market can also be beginning to development down (the charts of Bitcoin and the S&P/NASDAQ look eerily related throughout Wall Avenue hours). Regardless that we all know higher, the market probably nonetheless perceives Bitcoin as a “danger asset”, so that they’re panic-selling danger belongings identical to in each bear market.
I’ll be sincere, I purchased close to the highest simply a few months in the past, however I’m not apprehensive. My time horizon is lengthy, and I’m dedicated to long-term HODLing! The basics of Bitcoin haven’t modified, so I’m specializing in getting more cash to purchase as a lot as I can when the market bottoms out.
I could also be new to Bitcoin, however I’m right here with you all! Keep sturdy, hold calm, and HODL on!
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