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RE: The cyclical price of Bitcoin

in Project HOPE2 years ago

Hello @joseph1956 friend, I really believe that everything in this life is cyclical, everything follows a cycle, everything follows a pattern, everything that goes up also goes down.
The world economy suffered a brief recession due to the pandemic, which caused all the problems to be encapsulated in a bubble that finally exploded with a world economic crisis that will soon become evident, it is part of a cycle of apparent economic boom until fall into crisis.

Economic crises do not remain de facto, they are the trigger for a resurgence of alternatives and strategies other than those known to lift the economy again.

Cryptocurrencies are "in" this scenario, so they will also complete their cycle of fall and rise in due course, the problem that we are not prepared to wait that long until good prices rise again.

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That's right, immediacy ends up being what helps to destroy what little is left and then you have to start from scratch.