Oh no! Say it isn't so. The bull run is over. Crypto winter is coming.
Ok let me end the satire.
< / sarcasm >
That should do the trick. I really do find it interesting that the narrative has shifted for Bitcoin. Headlines are now starting to tout "billions liquidated in less than 24 hours" and "crypto crash." But is it really? I suppose if you're new to BTC and just bought this year, then yes...it's a crash for you. Once you've been through one of these, however, you kind of become immune to it.
After all, to me, it's not about the USD value of my Bitcoin stash but how many satoshis are stacked. The goal is to get to 1 BTC. Actually, if the price drops, then that makes the goal easier. You see, I'm using it as an anti-inflationary hedge. The hope is that one day I'll be able to retire and live off the proceeds from my BTC holdings. I think of it as a savings account, the "blue chip" of crypto. This is of course not financial advice, but just what my plan is. My time horizon is 20+ years. So, I say bring on the crypto winter!
Here's the only chart I need to look at:
I admit it; I'm a holder, not a trader.
Before long, I expect we'll be seeing "Bitcoin is dead" being posted everywhere.
Have a fantastic day everyone! Happy NOVEMBER!!!
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