So many posts recently with questions like "when will bitcoin go back to $20,000?".
It's as if people assume that, if bitcoin was a certain price in USD at some point in the past, that it must go back to that same level again.
But can't see anyone asking "when will bitcoin go back to $1,000?". It's the same logic as the question above. Bitcoin was $1,000 a year ago, so it's exactly the same reasoning.
The question should really be : "when will bitcoin be $x again?", where "x" is the price of bitcoin at some point in the past.
But, just because something has happened in the past does not mean it would, or should, happen again at some point in the future.
It should be that when you invest Bitcoin now that the price is still high, you should wait for a while, a Year maybe. You should not be in a hurry to the Bitcoin price increases again. We can not avoid the Bitcoin volatility. It always goes down and UP. It depends on the law of demand. For those who can wait for a long term investment ,a Year or maybe more just happy when the price decreases, Its been a good opportunity for them. For those who could not wait , scary , just sell their Bitcoin and jump to the other side which is cheaper and a short term investment.
