Bitcoin History Lesson

In the 2018 bear market, many people thought the bottom was around $6k because it held support for quite some time. All it took however was one negative catalyst, and in one month the price dropped another 50% to around $3,200. DCA right now, but keep on the side if we go lower.

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  1. Isn’t it 16K in power to make 1 BTC right now? No matter how low it goes, it won’t be there for long. The lower it goes the less time we spend there. And some of these numbers will be wicks only. All eyes in the world will not look away forever

  2. The problem is bitcoin is a currency but people have been treating it as an investment. It isnt an investment it is supposed to be something you use to buy things.

  3. Yes well how long did it sit a 3200? It went up to 69k. At that point the bottom at 6k or at 3.2k makes no difference.

  4. Back then, everyone thought that 6k was the bottom, it wasn’t.
    This time everyone is expecting that we will go lower…so if the market indeed goes lower I would be surprised tbh.

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