We are not in a bear market. Dont fumble the bag. (Reddit Bitcoin)
This is normal price action for an asset with a very limited supply. Look at how Berkshire Hathaway A class shares trade. + and – thousands per day. You don’t hear Warren Buffet crying every time his stock takes a dip. If you think its undervalued do a buy back and reduce the supply further.
Everyone needs to understand one thing, + or – 10% days is the norm with Bitcoin.
In April 2021 we topped out at $63,000 then in June 2021 JUST TWO MONTH LATER we reached $32,000. Almost a 50% decline in two months. Then From July to November we climbed back 50%+ to reach an all time high of $69,000.
The sooner everyone accepts Bitcoin moves in wild swing the better off we will be. Stop panicking on every decline.
The next bank or financial crisis we get we will certainly see a new all time high. The role you individually have to play is don’t sell your Bitcoin to Wallstreet whales and avoid trading it because if you trade it you will just end up with less and less. If you sell you likely wont be able to buy it back at a lower reasonable price.
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This is a once is a lifetime opportunity. Dont fumble the bag.
submitted by /u/Euro347
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