Thank you for providing such insightful perspective. I'm following your youtube channel for a while now and this is my first comment here so I hope you find the time to read it. I have many questions since I'm new to crypto space but for now I'm gonna stick to the point.
like every other human I might be making a huge mistake, however the way I perceive the market behavior, it seems to me that most of the big players who benefits from the price going up were scared of the bull run we had recently and they themselves catalyzed the process for a correction. the same people who are believers in the bitcoin brand and the underlying technology as well as future potentials of the whole blockchain industry. I know there are gonna be major sell offs as always, however, I think corrections in the market will recover and we see new capital flow no later that late January. this is mainly because I don't see substantial capital escape from the market and furthermore, I think most of the profits made by sellers is gonna attract more capital simply due to holiday gatherings and people talking about the bull run of past year. this in turn will further increase the confidence of the original sellers in the cryptos they sold and brings them about to re-invest, pouring the lost capital back into the market.
On another point, as a member of the community from middle east, I can tell you that a lot of capital is waiting to enter the market from all these countries that you might not think about them. I myself have many limitations purchasing even bitcoin or ether simply because there are very few providers in my country and for the last month there has been close to no supply at all. Now think about the holiday events that I talked about. The news will articulate around the world face to face and after a while new members will join the network. As a member of academic society in my country I meet many friends coming to visit during holiday season. If I tell them about my investment on verge and how it 40x ed after a month, I don’t think they can resist the temptation to create a wallet and throw 50 bucks when they get back from vacation. I know I’m not gonna fomo people in to buying, however, I suspect many people will. This all is relying on an assumption that bitcoin does not lead us to a bear market in coming days as you mentioned before.
My opinion about bitcoin is that as long as we see potential for further network growth, the bull will beat the bear and taking advantage of the dips seems rational to me. I apologize for my long comment. I'd be glad to hear your response