In the fading light of November 2022, a gloomy shadow loomed over the realm of economics. Pessimism blanketed the landscape like a heavy fog, stifling optimism and strangling hope. The majority of economists, revered for their astuteness and foresight, found themselves perplexed and uncertain. In a world where certainty had once reigned supreme, doubt had now taken its throne.
Economists were not feeling optimistic. People who liked cryptocurrency waited for prices to drop to $10k before buying. Some bought when prices were low but sold cautiously when they reached 25K. Others decided to sell half of what they had to avoid losing too much money and keep cash for lower prices. On social media and TV shows, some economists were saying scary things like there might be a war or prices might go up too much, scaring people even more.
Meanwhile, accumulation quietly began as the market lacked steam.
Towards the end of 2023, prices suddenly went up a lot. Even then, some people thought it was just a small correction and that the fall was near. But as prices kept going up, more and more people started feeling hopeful about cryptocurrency.
And so, the cycle repeated itself, a timeless dance between fear and greed, uncertainty and hope. For in the ever-shifting sands of the economic landscape, one thing remained certain: the only constant was change itself. And in the end, it was not the economists who were proven wrong, but rather the limitations of human perception and understanding.
Economists were not feeling optimistic. People who liked cryptocurrency waited for prices to drop to $10k before buying. Some bought when prices were low but sold cautiously when they reached 25K. Others decided to sell half of what they had to avoid losing too much money and keep cash for lower prices. On social media and TV shows, some economists were saying scary things like there might be a war or prices might go up too much, scaring people even more.
Meanwhile, accumulation quietly began as the market lacked steam.
Towards the end of 2023, prices suddenly went up a lot. Even then, some people thought it was just a small correction and that the fall was near. But as prices kept going up, more and more people started feeling hopeful about cryptocurrency.
And so, the cycle repeated itself, a timeless dance between fear and greed, uncertainty and hope. For in the ever-shifting sands of the economic landscape, one thing remained certain: the only constant was change itself. And in the end, it was not the economists who were proven wrong, but rather the limitations of human perception and understanding.
