Ahh so you think that because of the cycles. I personally do not think the halving has that much of an impact anymore.
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They tried to sell us the idea that BTC was digital gold and shoved ETFs down our throats.
Now the market is going to cleanse itself and eventually rise again. We'll see with the ETFs if the drop accelerates and the bear market is shorter or not. It's not going to be the end of the world or of crypto.
Well we have a HUGE tranche of BTC investors now that are new to the game. Volatility is usually a bad thing for old school investors. You can see on coinglass that the ETFs are having heavy outflows right now. I think the TradFi folks are just new to the game and getting crushed because they are not used to trading BTC.
You know why this isn't the death of Bitcoin or cryptocurrencies? Most people aren't in the crypto market.
The global market expands every year. And I'm not just talking about population growth. I'm talking about people who have never bought a cryptocurrency in their lives.
Sooner or later, they'll enter the crypto sector.
You yourself said that Hive could drop to 0.05. Are you going to panic because it's now down to 0.067?
I spent $100 on DOT back in the day, paying much more than it's worth today. I didn't sell it for $10, so I'm not going to panic if it drops to $1, for example. I'll buy more when it's cheaper and average it down to my cost.
Many people on Hive sold to wait for the drop. It worked out well for them. Now, if the market had gone up, their gamble would have backfired spectacularly.
I think the mistake today would be to sell everything and get carried away. It's a matter of holding on.
What I don't see is people wishing for the Trump meme years after his term ends. That's why I think the market needs to cleanse itself.