I was dead wrong about the market a month ago. I thought that we are waiting for a big pullback and several months of bear sentiments.
But crypto economics never ceases to amaze. It recovered so quickly and even grew 1.5 times from that moment.
Why?
- People are too exсiced. There is no reason for a depression.
- People move their saving to crypto-economy. Every month they put earnings into Bitcoin(s). Every time the market goes down they think: "Ok, now the price has become a little less and I can buy a little more".
- Fundamentally this is all a transition to a higher technological level. It's a historical moment.
The capital just flows from one form to another. That's it. There is nothing about bubbles.
But in the case of huge 50% pullback, I think It's a good advice to BTFD.
