Although it may not feel like it, the cryptocurrency industry has reason to celebrate. True, it's been a bumpy ride this year — and for a good while, it seemed like a never-ending downhill trip. But Bitcoin is no stranger to plunges. The reason for jubilation is that while there has been lots and lots of pain, there haven't been the same fears about bitcoin's survival and what happens next. That's thanks in part to recent wins that give the young asset class some legitimacy.
When the bitcoin price dropped dramatically in May 2021, people expected there to be a bear market for a long time, but it only took until November to recover and see the next all-time high." However, Tamac said the runup to it was different from those before it. The period of accumulating and selling over the past year and a half is distorted, he said. Long-term holders typically sell their bitcoin to short-term holders at the market top, and begin accumulating at the bottom.
There’s winners in the beat market still. I doubled my earnings with CHZ and I’m seeing 20% in profits with APE. Be careful but it’s not all bad
Until it isn’t