A Bitcoin Tale: Bitcoin's Price Dips, Bulls Quickly Take Over

almost 3 years ago

"And then they saw the bull take over..." That phrase is most analogous to Bitcoin's current state. I love Bitcoin. I hate Bitcoin. It's a shit coin that everyone is going to lose money on if they invest in it. These are the moments that make true investors.

Bitcoin is about more than any one dip. It's about more than the prices. It's about more than what Bitcoin can be worth if you HODL through bear markets.

Market sentiment is cyclical... it always had been. Bitcoin has gone OFF DEFCON 1 into double digits levels recently of losses then quickly rebounds to green within 30 minutes . Bulls are hungry after just a few days of scraping up the order books.

Futures contracts and options are a great indication of what Bitcoin is going to do. We're seeing bulls take the reins again as BTC gets ready for new all-time highs . Bitcoin has created a new set of millionaires.

Let this bull continue to run, Bitcoin has been showing signs that we're going to see $100k per BTC very soon.

Plan B's prediction for Bitcoin in November didn't exactly pan out but we are still prepping for a massive Q4 rally. That's what everyone has been waiting for and it's quite obvious that it was we will get. Bitcoin is Bitcoin.

Don't ever think that Bitcoin is over just because it's down at the moment.

We will see $100-200k soon enough and then it's time to buy more Bitcoin for retail investors who haven't seen this kind of money in years. FOMO hasn't even truly set in yet.

We see Crypto every day in mainstream media . Bitcoin is going up, Bitcoin is going down. Bitcoin isn't a safe haven. Bitcoin has been hacked.. Bitcoin is the new gold! Bitcoin just got another ETF approved. You can use Bitcoin to buy drugs on an anonymous marketplace; it's cheaper than fiat! There are many more examples that I could list but you get the point. Bitcoin is Bitcoin. The Bitcoin community has a strong belief that Bitcoin will one day be the world's currency. If you believe that, then Bitcoin makes sense for your portfolio.

The Bitcoin ETFs are going to get approved eventually and when they do, we're going to see an even larger influx of retail investors.

Posted Using LeoFinance ^Beta

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almost 3 years ago

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