As we have seen in the bull market/growth phase of a market cycle, the value of cryptocurrencies tends to rise rapidly, often driven by increased demand and media attention. This can attract more investors and speculators to the market, leading to further price increases. Eventually, however, the growth phase will reach a peak, and the market will begin to consolidate or decline. This can be triggered by a variety of factors, such as market saturation, regulatory uncertainty, or global economic affects. As the market declines, some investors may decide to sell their cryptocurrency holdings, leading to further price decreases. The length and severity of these market cycles can vary widely, and it is difficult to predict exactly when they will occur. However, over time, the market has tended to recover from downturns and enter new growth phases, leading some investors to view cryptocurrency as a long-term investment opportunity. In a few years time when people say you were so lucky to buy btc at 17k, remind them all that you had to go through and that it was not luck, but belief. [link] [comments] |
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