Remember the end quarter of 2018?
It's incredible how quickly time passes, right?
I remember it like it was yesterday and let me tell you the bad omens that the situation posed at the time.
BITCOIN seemed to be going straight to zero, the community was divided after several hard forks in which each of them claimed to sustain the real BITCOIN. There was so much FUD that it was really difficult to consider buying even though we were at $3400 per BTC, the halving was expected in 2 years and there seemed to be no rush to buy at a discount.
At that time, the DCA system was not very popular, although a few already applied it.
Most of the buyers were really maximalists, they had understood the problem and the proposed solution so there was no reason for them not to buy at any price.
Today, we are very close to reaching that -83.71% from the ATH, the maximum retracement we suffered then, but nobody can tell you if we have already hit bottom.
The fundamentals, however, have not changed either.
It must be recognized that entities such as the European Central Bank are making life impossible for PoW protocols based on "Ecological" reasons that are rather stupid and, it is very possible that they will apply some restrictions in Europe for BITCOIN mining, however, BITCOIN is unstoppable.
Little by little we are going to see more adoption and more countries accepting it as Legal Tender, we just have to give time for the inevitable to happen and that is that the current FIAT system is unsustainable.
Unfortunately, many are going to have to go through an ordeal to realize that inflation has not been caused by wars or by energy crises, or the Russians...
Inflation is "sown" when unlimited money is printed to initially fix a minor problem. This minor problem is fixed but the measure simply creates another problem of an order of magnitude larger in the long run...exactly at the moment in which we are...
Meanwhile, each new economic cycle "gifts" us with more informed people which strengthens BITCOIN more and more.
(Source)
