It’s assumed the crypto industry’s maturity, its software applications, and the current interest in blockchain tech is a lot more robust than in 2017. Meanwhile, bitcoin already had a small bear run in between its 2021 April ATH and the mid-November ATH of 97 days.
All of the past downturns have been much longer than the current 78-day period.show that the current downturn is the second deepest drawdown in this halving cycle. “Corrections in 2017, and early-2021 were much shallower between 20% and 40%, whilst July 2021 reached a drawdown of -54%,” Glassnode wrote on its Telegram channel on January 23.
Which means that the only value is what you can sell for it, to someone else... So, it's Ponzi Scheme. Except that ponzi doesn't have absorbent barriers as technological breakthroughs or something people can abandon. Then price it's gone, Bitcoin is nothing.
ElementarySecurityPricing : The price of any security involve Cash Flow (C) + Expectations (E) through time (t) and a discount (D). As by design, (C) = 0 for Bitcoin and (D) is irrelevant for general purposes, it leaves you with just (E)
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There will be a bull market soon.
Sooner or later, any bear market ends. It's good that I bought some btc on bfx when the price was around $33k
Я скоро продам btc 100 000. Всем спать
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