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RE: Since Mid-2016, Bitcoin has had 6 major bear and bull market cycles

in #bitcoin7 years ago (edited)

Ok, it hasn't actually died that many times,

LOL…You got me….I felt like a little kid being told Santa is real. I was hanging on your every word…927 times…Ha!

So, while this time could very well be different

Geez, I’m reminded of people who recently sold their homes to buy into BTC. I could see their logic, if they were in a place to risk making ’multiple-times’ the value of the property in swift stead.

But, let’s say they sold their home for $350K, invested $250K in BTC; and, decided to lease a home for a year to ‘earn’ their money back and then some. If BTC bounces back from this latest dip, and they have a set limit for HODL, they will still fair better long-term.

I’m new to crypto; and a novice to say the least. I don’t want to jinx things; but, I expect BTC to eventually do a side x side by with the USD; maybe even surpassing it when people learn how little interest the latter gains.

You noted that this is a first in the size of the dip. I sense, as some have alluded, that there's a minor 'coup' going on to bring BTC, and all crypto, down.

Thanks for this post!

927 times…lol! Ha!

Peace.