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If Bitcoin went to $68K again right now, people would say they'd buy at $30k or below. At $16k now, many aren't buying out of fear

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by COINS NEWS 120 Views

People always panic to buy when the market is up, FOMO takes over. The fear is what was wished for when the market was pumping like crazy.

As for the people who always want the bear to return, but don't actually buy the dip when it arrives. Where are they? They are too scared and probably left the whole thing behind a good while ago. It's easy to call for a big dip but takes balls and conviction to actually go through with buying Bitcoin in these conditions.

I personally believe that this is about as good as it gets price wise. I believe this is pretty much the bottom for this year and we'll see Bitcoin stay at around the current levels for much of the year, but looking forward.....

That sweet next halving is coming in May 2024. This can only be a huge positive when it arrives. With each halving, Bitcoins inflation rate declines , as intended by Satoshi Nakamoto. In just over a year Bitcoins inflation will likely go below 1% and at that point will then outperform Gold on that metric.

So let's just ride this grizzly out, stay calm , accumulate and look forward. That's my plan

submitted by /u/aoc_ftw
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