Reasons against and reasons for a potential bear market territory are valid - i.e. overextended alt market and fear index creeping in to sentiment early. I have not compared previous sentiment indicators with price action...
Believe in the tech, and believe in your investment. Remember Hodlers have come out on top in every situation such as this in the past.
In human history, no single asset has come under such coordinated assault by the very global institutions that perpetually inflate asset prices in the name of securing prosperity. And yet, through it all, digital asset trading carried on, obliterating the leveraged longs, wiping out the weak.
For the first time in decades, we saw the ferocious beauty of truly free markets operating at scale. Efficiently. Ruthlessly. These assets inhabit a world without a buyer of last resort to bail out its bankers. It was a remarkable display of antifragility.
To appreciate it fully, simply imagine how today’s equity, bond and credit markets would withstand a withdrawal of government support, let alone a full-frontal assault.
It is this independence and resiliency that underpins the longer-term attractiveness of digital assets. But like all powerful new technologies, their promise is poorly understood by most pundits.
This is due to the increase in the price of bitcoin. You simply cannot have another 1000% (1/3 of 3000%) rally because 1000% from $30,000 would give it a value of $300,000
I’m not saying a value of $300,000 is not possible. It is possible. Just not with the current halving cycle.