Zoom Out when in Doubt, but Never Leave
hive-167922·@fexonice·
0.000 HBDZoom Out when in Doubt, but Never Leave
https://img.inleo.io/DQmctMggMhsUyB8VeRmuzzXaNRfhB4T79ovkt2pFBjnn26A/Adobe_Express_20240703_2021050_1.png *Canva redesigned* As always, we are seeing many people asking questions about Bitcoin's fundamentals. During the week, as the market kept crashing, many asked, "What's wrong with Bitcoin?" and "Why is it crashing again?". I'm here to inform you that there is simply nothing wrong with Bitcoin. Let me explain. If you are in doubt about crypto during this crash, I suggest you take a step back and look at it from a longer time angle. Just 5 to 7 years ago, BTC was selling under a thousand dollars, and many thought it would never reach new highs. But we have seen parabolic runs that have made many investors rich since then. Today's crashes are small in comparison to the past. Even with the current crashes, BTC still remains more than 10,000% higher than it was then. These dips, painful as they will be, are certainly part of the inherent volatility that describes Bitcoin's journey to this point. Thinking about Bitcoin's exponential growth in a short time frame can help put the current situation into perspective. If you look at the past, you can see that Bitcoin experienced a lot more drawdowns before it started rising. In 2017, we saw Bitcoin fall more than 80% from its historical high, and in 2018, it lost almost 75% of its value. Both times the sky was falling, but now the view is back, those intervals served as great buying opportunities. Additionally, while the recent 30% drop may be dire, it pales in comparison to the collapses of previous bull runs. This is why the long view is so critical – it allows you to avoid emotional panic selling in cases of uncertainty. Volatility will continue to be part of Bitcoin nature for decades to come as adoption increases. But as the past has taught us, every fall is accompanied in due course by new historical highs. Those who have held Bitcoin throughout its lifetime have been richly rewarded for their patience and conviction in this recent bull run. Trying to time the market with fast time period trades is a recipe for failure more often than not. Investors who buy into bear markets and forget the noise are set up to achieve a lifestyle-changing wealth over the long term. But this requires accepting volatility as inevitable and having the gut to stand firm while others panic. It's easy to forget that crashes happened in the past in many cases due to the fact that we have long run on green turf. But now, the sky seems to be falling for those who just joined crypto space. History shows us that crashes, corrections and periods of consolidation are part of an extended cycle of a bull run. Bitcoin has typically rebounded to new highs after shaking off weak fingers. Those who can control their emotions and maintain a long-term perspective will be rewarded. When the next bull run comes, people who sold at a loss during this dip will surely regret their decision. This is why it is so important to learn from past crashes and avoid panic selling. Sure, it sucks when your portfolio drops 30% overnight. But Bitcoin has conditioned us that these dips represent opportunities to accumulate more when you have the courage to remain calm. Selling low only to watch it recover is one of the most important mistakes an investor can make. While crashes are painful, they offer good buying opportunities. When others panic sell, there is a chance for you to collect more bitcoins at a discount. Every crash throughout Bitcoin's history has been like that. And those who took profits and bought back ended up making life-changing returns. The more Bitcoin falls, the more attractive it is from a value point of view. If you have the courage to go against the grain, prepare some dry powder to buy a dip. At the end of the day, Bitcoin is a belief check. It separates the individuals who can control their emotions from the weak paper hands who panic at the first sign of trouble. Each bull cycle has shaken much less committed holders, which is what crashes are designed to do. But it also created many long-term holders who ignored the noise and are reaping big rewards at the moment. Through these periods you build discipline and strengthen your faith in this new money machine. This is not for the faint heart, but rewards for those who remain patient. In closing, I inspire you to slow down if uncertainty creeps in. Look how far Bitcoin has come in just a few years, despite many crashes. Volatility and corrections are common and those selling now could very likely regret later. Instead, maintain a long term angle on your investment and use the dips to make more gains, Rinse and Repeat. Investing in Bitcoin can be risky, but for people who can control their emotions, it has proven to be one of the best wealth creation options in our time. Stay strong and focus, the journey is a marathon not a sprint. Posted Using [InLeo Alpha](https://inleo.io/@fexonice/zoom-out-when-in-doubt-but-never-leave--khq)
👍 pepe.voter, rentaro, diverse, leo.tasks, scaredycatguide, niallon11, muratkbesiroglu, leo.voter, india-leo, break-out-trader, raiseup, megavest, mukund123, officialhisha, leoschein, scrubs24, cindy911, jeffjagoe, vxn666, cmplxty.leo, dhedge, khaltok, humbe, bitrocker2020, arrliinn, gadrian, anonsteve, rmsadkri, rondonshneezy, steentijd, banzafahra, larissalugo, luchyl, jagoe, getron, dlike, steemaction, antiretroviral, x9ed1732b, rima11, leo.tokens, scooter77, coriolis, yozen, djrockx, grabapack, scraptrader, gaottantacinque, cribbio, edian, saboin.leo, hiveaction, gasaeightyfive, keys-defender, cryptoshots.nft, marcocasario, crypto-shots, karina.gpt, cryptoshotsdoom, hive-defender, cryptoshots.play, ew-and-patterns, shortsegments, vintherinvest, babytarazkp, pouchon, l337m45732, travelwritemoney, agro-dron, pouchon.tribes, hivelist, balvinder294, bala-leo, kingsleyy, uwelang, sommylove,