Extreme fear when Bitcoin is at $82K sounds kind of crazy. It was sub $10K in September 2024. Zoom out and relax.
This is the fun part of the cycle when you see the weak individuals crumble as they are too invested. Volatility is what makes crypto so addictive because one minute you can be very wealthy and within no time dirt poor again. This is why you do not make any impulsive knee jerk decisions and you keep the plan simple.
If you are staking your dollar value may have dropped, but your coins are still increasing which ultimately means you are moving forward and getting ahead of those who are not staking. In six months from now those who have had a simple stress free plan will reap the rewards just by being patient.
It was not long ago many were suggesting we were going to get an early Bull Cycle possibly offering a double chance of buying and selling this year and that could still happen as no one knows what is going to happen next. The longer we keep having these corrections the less likely that will happen and I am happy either way.
They say worry about the controllable things and ignore everything else and let the market do it's thing. Price you have no influence on unless you are a multi billionaire who could manipulate the price. Many of us have seen this all before and this is actually quite comforting to know this is what the year 4 of a crypto cycle looks like.
If you consider the history of Bitcoin it has had 16 major corrections after reaching an all time high. Those correctios have varied between 30% and 85% so the 27% pull back the other day was a walk in the woods. Back in 2024 we saw a 33% drop that happened in March and took 6 months to recover and is kind of very similar to what we have just experienced and the time line with this cycle would be spot on considering this is year 4 of the cycle. Past performance again is no guarantee in future results, but history has been good to us up until now and expect a repeat or similar outcome gain later this year.
With all that is going on in the world impacting the markets we are guaranteed a wild ride this year and we should all embrace what is to come. I am more positive than ever with the talk of the US Crypto reserves and crypto regulation being discussed and looked at. There is more certainty now with crypto than the previous government whose aim was to hold everyone back.
Bybit just experienced the biggest hack in history and Bitcoin is still above $80K which when you think about it is a positive. There was not much FUD being thrown around which would have happened in the last cycle which highlights the strength of crypto today.