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Although the volatility in the cryptocurrency markets continues, investors with a long-term perspective remain in place. Things are getting harder for short-term traders. More importantly, the Bitcoin price is making annoying movements due to decreasing liquidity. We have experienced similar processes in the past, so the latest situation is not surprising.
Cryptocurrencies and Losses
Those who have lived through previous bear markets have seen that these cryptocurrencies have always had longer downtimes. They know this and invest with this in mind. Bear seasons are so boring and last so long that you start to believe that the last Bitcoin bull is over. But suddenly something happens and in less than a year the king cryptocurrency reaches a new ATH level.
These annoying four-year cycles are proof that there is no easy money to be made here. People think they are a genius investor when the bull comes in. However, they get this false feeling because whatever they buy goes up. Then, when the peak is reached, they insist on holding their cryptocurrencies at the wrong time. That’s why it makes more sense to buy in the bear season and sell in the bull season. For this, it is necessary to take a long-term view of the markets.
Bitcoin Will Rise
Following the collapse of several regional banks this year, macro guru Lyn Alden says people are beginning to understand Bitcoin’s unique value proposition. The popular economist, who participated in a recent MicroStrategy World Panel Session, says that Americans are starting to realize that banks are risky and that this is already known to the rest of the world.
“I think people have recognized what most of the world hasn’t recognized, which is that banks are risky, especially if you’re above certain insurance limits. Basically, you lend money to the bank to invest in various assets and most of us don’t take the time to scrutinize the assets of the banks we operate in. Many of them are not publicly traded, so we can’t do that even if we wanted to. We see first-hand some of the risks that are prevalent all over the world, and I think the narrative of Bitcoin and the fact that you can basically hold your own assets, that you own assets that are not someone else’s responsibility, I think comes to the fore more. Clearly some of these issues are strengthening the narrative.”
According to him, as this view spreads, the price of Bitcoin will rise with the increasing demand for it.
