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Than we have a lot angry bears 🐻 Who lost their capital. I think this time is different with different kind of holders. We will not go in a straight line up but dips will be bought faster up.
If the top of this cycle gets to 500k, a drop of 80% will bring us back to 100k as bearmarket bottom. Would not surprise me if the bearmarket bottom next cycle would be 75k-ish…
We get the “bear” market bitcoiners deserve. Those draw downs are the consequence of “bitcoiners” playing shitcoin fiat games. I like to think as bitcoin matures so will its holders. But #freedom So we will see I’m down for whatever the ride brings. Even if it’s to zero. It’s worth the shot