One year Bitcoin chart 2020-2021
Bitcoin is up quite a bit right now.
and if it were to come down 82.56% it could touch $11,063
This was its price last October. It could be within the realm of possibility.
We may not want to think BTC could drop so low, but when it does will you buy? What goes up must come down and if BTC 'crashes' again it will be used as an excuse to say it failed. We know that this is not the case, but a once in a lifetime accumulation phase is taking place right now. Will you buy when BTC is falling? Will you sell when it falls?
Where do you think we are on this market cycles chart?
If we are not at the top, what is your guess? 120k? 240k? 1M?
What if this is still the first sell off? What are you doing to prepare?
"Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the mines which produce them."
— David Ricardo Quote #50