History doesn't always repeat itself, but this can't be the end of the road for bitcoin and alt coins, there is so much potential and we have barely tapped into it yet. The FOMO period in December/January didn't help, it was great to see the high prices but the markets were moving way faster than reality. Hopefully things improve soon.
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These hype cycles always bring new people to the cryptocurrency world. Then as the bear market eventually hits the market, only believers in the technology stay and keep holding on and buying more. Eventually sellers are out and market changes direction. These strong hands won't sell their assets for cheap, and the cycle keep repeating. Again and again until cryptocurrency has reached mainstream.
The reality is we are just getting started. Products are only now being shipped out slowly and adoption will grow along with it.
"Hopefully things improve soon." - I wouldn't mind even lower prices for a bit longer :)
These lower prices are good, but I don't want to end up selling the low! I just need to learn on the next run when to take profits.
I also remember the days when Steem was at 0.07 cent - The morale was very low and only few regular faces was seen commenting each day and I could recognize everyone one of them.
Now when I scroll through comment sections it's all just new people who I have never seen before. Steem is finally getting to a state where I personally could use it as a social media platform where I can consume media that I really like rather than just support some creators who I think will do fine here. And it's a great feeling to actually be able to support them with just one click of a button! Makes me want to buy more Steem...
If you're really struggling, I'd take a step back from crypto all together. I know I'm in for the long haul, meaning that once everyone in one way or another is using crypto, I might consider exiting my positions fully. I've also experienced previous crashes so I know to just chill.
I remember what I thought when bitcoin hit 200 dollars after peaking at 1200 though, so I fully understand the emotional taxation that this market can bring down on one. But after that bitcoin hit 20k and is now at 6k - that alone tells me that I'm not alone with my beliefs of this technology taking over and I just buy a bit more whenever I can.