Bull market dips, for reference.
A message that I sent to my friend who’s new for this cycle:
Look at these charts & imagine being scared to buy any of those pullbacks..
1700, 3000, 8900, 28,000, 30,000, 40,000, 50,000..
currently a dip to 83,000.
See it’s always looked scary because the dip always follows a new high. Looking back it’s obvious that you’d buy at any of those prices mentioned, but it’s never obvious in the moment until you understand how #BTC operates. It wasn’t obvious back then to many for this reason.
Even if you went all in at the 2017 top, you entered at 20k.. scary at that time, fast forward 8 years and your positions value has 4x’d while we’re on a 25% pull back..
So you bought at 83k, on a 25% pullback. I’d say on the conservative side that bitcoin would be around 400k in 8 years, on a similar pullback down from 600k. Someone will be having this exact same conversation then.
