Dumps are part of the process.
BTC is still the same on the up or down, and its values - they are still the same. And that's why BTC still reaches new heights after being toppled down by the market itself and liquidity moving elsewhere.
Bitcoin only has ups and downs but it does not have pumps and dumps like altcoins, shitcoins and scam coins. Let's clearly differentiate Bitcoin price movements, growths against those generally called Shitcoins.
It's proofless to call Bitcoin is a dead coin or "Bitcoin is dead" with this superb bullish chart.
https://charts.bitbo.io/price-current-date/How will someone dare to call Bitcoin dead when one coin was worth a few cents and today it is worth $100,000. It's not a random price, Bitcoin is stably worth this much. In 2018, Peter Schiff advised people not to buy BTC at $3800, then in 2019 he ironically said that we should keep dreaming because Bitcoin is never going to hit $100,000.
This man is a Mr Negative. He always posts about how catastrophic the financial situation will become, he accidentally got lucky in 2008 and since that day, he thinks that he is an expert. Today, this man gets bullied, but he deserves it.
Who does care about Peter Schiff aka Mr. Negatively Anti-Bitcoin Man?
Even Peter Schiff once in a while, used to admit that he hope he would have bought bitcoin in the past.
https://www.coindesk.com/markets/2024/03/14/gold-bug-peter-schiff-says-he-wishes-hed-bought-bitcoin-in-2010Peter Schiff, a prominent stockbroker and gold investor, rejected the opportunity to invest in bitcoin when it was trading at a few dollars in 2010.
Do I wish I had made the decision to have thrown $10,000, $50,000, $100,000 into it? Schiff said on an Impact Theory podcast on Wednesday in a debate with crypto investor Raoul Pal, discussing if bitcoin was going to $1 million or zero. Sure. I may be worth hundreds of millions assuming I didnt sell. But again, I dont know what I would have done had I made that decision.
I would have bought it just betting on other people being dumb enough to buy it and pay a higher price, he said, likening a successful bitcoin investment to a gamble rather than a genius move.