It's easy to get caught up in the day to day, but try zooming out a bit

in #bitcoin6 months ago

When in doubt, zoom out

With the recent crypto crash, it's easy to get caught up in the day to day price action, but try zooming out a bit.

On a day by day or even week by week basis bitcoin is irrational.

Heck, even on a month by month basis it can irrational.

But, when you zoom out a decade or more the trend looks pretty smooth.

It's something like this:



It's basically gone from the lower left to the upper right.

Sure, the valuation is much larger now and prices are much higher meaning it's going to take more and more money to continue this trend, which will surely flatten that trajectory.

However, the reason bitcoin matters hasn't changed and won't be changing any time soon.

Fiat money is being printed into oblivion with nothing backing it.

That will inevitable lead to a collapse.

Bitcoin provides a global off ramp from that system and many people will take it over the coming years.

Don't get discourage because bitcoin is a long game, even if things get rocky for a bit.


Upvoted! Thank you for supporting witness @jswit.

The future performance of bitcoin cannot be predicted with certainty, but the fundamental outlook is excellent.
At the same time, a growing number of companies have recognized bitcoin as a means of payment in recent months.
In the medium term, it therefore seems likely that the price of bitcoin will rise again.
However, the cryptocurrency has managed to stabilize and is the most expensive crypto asset today. According to experts' forecasts, this upward trend for bitcoin is not about to end as cryptocurrency continues to be adopted as a means of payment in various countries.

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The Long Term Investing is the Good Way to be Rich if you invest in a coin or token like UFO Gaming now and bitcoin in the past and also it's low risk but trading is risky but if you a good trader and you can manage risk you will win!
For Me i like investing than trading!

Same here. Check out Robinia

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