All depends what your time horizon is really. I dont think anyone is worried really, noobs are going to get scared and their belief tested. Chances are if they just got in in 2021 they don't actually believe in what they are buying they just think its going to make them rich. This is certainly a new one for Bitcoin but it is kinda due, we cant have the same situation every single cycle, we gotta mix it up. So we go into a technical bear market but i think it wont last long and will be an anomaly. People wont be talking about 4 year cycles again after this which is good. Nothing in life is that clear cut or that certain. The big guns just want in and it's as simple as that, I said it straight away Elon got a phone call and got told. Elon should be thrown in jail or his company completely boycotted by crypto enthusiasts IMO. Hopefully his reputation will be destroyed and he will never recover, what he did was/is disgusting. So to answer your question it will probably be Elon who puts Humpty back together again when he lays out his amazing idea of integrating Bitcoin mining into Tesla power wall. The next phase of bitcoin mining intergration is what will truly send Bitcoin up out of this galaxy when everyone is installing solar panels and other household items to mine Bitcoin which all create surplus income for it owners whilst simultaneously creating a greener world, and making Elon rich, his share holders rich and Tesla the biggest company on earth. The incentives that come with Bitcoin mining could change the planet. Either that or Bill Gates crypto currency patent will have people enslaved to earn his coin. Hopefully Bitcoin will win in that sense, Bitcoin is a household name and whether Satoshi intended or not will be integral to everything in the future.
All depends what your time horizon is really. I dont think anyone is worried really, noobs are going to get scared and their belief tested. Chances are if they just got in in 2021 they don't actually believe in what they are buying they just think its going to make them rich. This is certainly a new one for Bitcoin but it is kinda due, we cant have the same situation every single cycle, we gotta mix it up. So we go into a technical bear market but i think it wont last long and will be an anomaly. People wont be talking about 4 year cycles again after this which is good. Nothing in life is that clear cut or that certain. The big guns just want in and it's as simple as that, I said it straight away Elon got a phone call and got told. Elon should be thrown in jail or his company completely boycotted by crypto enthusiasts IMO. Hopefully his reputation will be destroyed and he will never recover, what he did was/is disgusting. So to answer your question it will probably be Elon who puts Humpty back together again when he lays out his amazing idea of integrating Bitcoin mining into Tesla power wall. The next phase of bitcoin mining intergration is what will truly send Bitcoin up out of this galaxy when everyone is installing solar panels and other household items to mine Bitcoin which all create surplus income for it owners whilst simultaneously creating a greener world, and making Elon rich, his share holders rich and Tesla the biggest company on earth. The incentives that come with Bitcoin mining could change the planet. Either that or Bill Gates crypto currency patent will have people enslaved to earn his coin. Hopefully Bitcoin will win in that sense, Bitcoin is a household name and whether Satoshi intended or not will be integral to everything in the future.