This time probably won't be different...
Bitcoin tends to move in cycles and this time probably won't be different...
If you have been around bitcoin for any length of time you are probably very familiar with the booms and busts related to the halving cycle.
Historically, bitcoin has gone on to make new highs shortly after the halving, only to eventually see a major correction of roughly 80%...
After this correction bottoms out (often around a year from the peak) the price slowly builds back and goes on another run relating to its next halving event.
Check it out:
(Source: https://twitter.com/StockmoneyL/status/1597959365042266113/photo/1)
So, we have new highs, then an 80% correction, then a build up to new highs yet again.
Currently, we had a new high followed by an 80% correction which started over a year ago...
We are 2 for 2 thus far... all we need is 3 for 3.
But yea, I'm sure this time is different...
Maybe during the next halving of bitcoin, the price will go up. Right now it is currently at a low because of how oversold BTC is currently.
Certainly! it's time to go back to learning about Bitcoin and for those who never learned to start learning.
Upvoted! Thank you for supporting witness @jswit.