First time?

By LeftFooted | bitcoinea | 25 Aug 2023

It’s done it before. We've seen it before. And yet we panic every single time. Bitcoin leads the way and when that goes up, everything else goes up, and when it goes down, everything else followed.

Bitcoin went from $29k (ish) to $26k in a matter of moments and now that good old Jerome Powell hints at more rate hikes, it doesn't look like it's going to recover any time soon.

Ethereum can't stay above $1.7k and LTC can't hold on that sweet $70 price point. And I haven’t even checked XRP because it would make me cry.

But, quoting one of the bitcoin’s greatest advocates, “I buy every single day, and I never sell.”

Bitcoin has always crashed after an all-time high, and every single time it’s recovered and went on to a new all-time high.

The most famous crash happened in 2018, when it crashed 80% from its all-time high on 17 December 2017 of $19,783.06.

Meanwhile you've got people like Charlie Munger, who don't understand Bitcoin and don't care to because they're already rich. And then you've got The president of El Salvador, who said he's been buying the dip pretty much since 2021.

That’s the beauty of bitcoin. Opinions can be influential in the short run, but they’re always irrelevant in the long run. Also, I’m gonna have to move to El Salvador sooner or later.


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I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on


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