Who's riding the fence around here?
People who had been scared to death out of holding Bitcoin have all ran away from here 2-5 years ago.
There isn't really anything that the current news cycles can tell us that will spread fear, unrest, and disruption and cause people to sell their bags. As they ran of of ideas for their script since the pandemic and 2022 crashes.
Very good point, after the last halving of 2016 and price ATH in 2017 and the following fall
back of the markets from ~$19k to ~$7500 within a month and down to ~$3500 within the
following year hurt a lot of people who FOMO'd into Bitcoin in the last quarter of 2017.
I would think and hope a lot of people learned from that experience of the volatility of the
markets.
I've been reading different news sources about the future potential of BTC and it still looks pretty bright. What is your personal view? Are you still optimistic? Riding the fence? I'm curious. Thanks.
Things haven't really changed much, everything is just bigger. A bigger community, more government regulation of centralized services, more fighting against government trying to gain control and so on.
At the end of the day Bitcoin hasn't reached its true potential and it is still growing as the adoption increases. So I still have no doubt about the long term growth. The only thing we'll experience for the time being is the negative effects of worsening global economy and increasing tensions on the price.
So in short term I may not be optimistic but long term is all optimism...
P.S. Don't forget to stake an address here for this account, it makes recovery easier:
https://bt.irlbtc.com/view/996318.0Also as pooya87 points out there is "more" of everything.
Also just to highlight that things have taken a turn over the last year or so in that institutional
FIAT based investors have and are looking to move into Bitcoin
and Crypto which obviously
increases demand and adoption.
I just ordered a Trezor Safe 3 to start "hodling" again.
When you get your Trezor do make sure you stake your address as pooya87 recommends, most of
us have done so already.