Everyone's already wrecked. Except for those making bank on shorts.
Since everyone's underwater, don't get too hung up on the prices. We were still in a bull run at $19,000 for $BTC. Same with when it hit $69,700.
Now that it's at $60k, we're calling this the bottom of the bear market.
So, one day BTC could hit $40,000, but we could still be in a bull run at that time. What we mean by bull run is capital flowing into this space for a while. It's not just about BTC breaking records. Forget about where the money is moving.
You can still make gains regardless of the prices. As long as there's activity in the market.
Since everyone's underwater, don't get too hung up on the prices. We were still in a bull run at $19,000 for $BTC. Same with when it hit $69,700.
Now that it's at $60k, we're calling this the bottom of the bear market.
So, one day BTC could hit $40,000, but we could still be in a bull run at that time. What we mean by bull run is capital flowing into this space for a while. It's not just about BTC breaking records. Forget about where the money is moving.
You can still make gains regardless of the prices. As long as there's activity in the market.