They say that the definition of insanity is doing the same thing over and over and expecting different results.
So I don't know where the inevitable reaction to a bear market (or something that looks like one) stands in that regard. Maybe that's also insanity.
If you're new to crypto, then I understand.
But the problem is most of the panickers (is that even a word?) have been here before.
I remember when BTC went from $20k to $3k in the space a few weeks between 2017 and 2018, and I remember 2020, during the pandemic.
So this is nothing new.
People always overreact.
Yesterday, everyone was saying that $200k before the end of the year was inevitable. Says who?
Today, people are saying $200k before the end of the decade is maybe possible. Says who?
This is nothing, most BTC holders are still well in the green. And it doesn't matter because, as we all know quite well, most BTC holders are hodlers. This is a statistical certainty and a recurring theme.
Everyone knows well over 50 percent of BTC hodlers have sold in years, and a smaller percentage has never sold. Literally never.
So go ahead and overreact. Let's overreact together.