This all depends on when it recovers. If it rebounds, then goes right back down for a year, then it won't have moved faster, just gone down a larger percentage.
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This all depends on when it recovers. If it rebounds, then goes right back down for a year, then it won't have moved faster, just gone down a larger percentage.
This is very true, it only would count as moving faster if it breaks the down trend and then does not make a new low... ever. Ironically, bitcoin has never gone back to its lows in its entire trading history. It makes new highs, then higher lows each time.
I'm actually surprised it went down this far. I thought the hype train would reverse it. But maybe the new investors aren't used the the news crapping on it every week.
I am as well. I started buying again around $10k, like usual I was a bit early.
I'm too annoyed with the fact that a few have been holding back BTC back technologically to invest in it right now. There are more coins than I have money to invest in and BTC isn't the only one that's down. If it actually goes up to $1m, maybe I'll regret that decision, but I highly doubt it will. But maybe it will reach $50k or even $75k, and I can still regret it. :P
I would like to think bitcoin will make whatever technological upgrades it needs to stay on top, however, the lack of decentralization may end up being what makes necessary upgrades very difficult to actually implement in the end.