ZTT

It goes up because the whales don't want it to collapse to nothing before they've dumped everything, slowing down enough for the "best time to buy" and "cheap coins" patsies to blow more of their life savings pushing the price up, so they can dump into it again.

In the last ten years Bitcoin has gone from $1 to $29 to $2 to $1200 to $111 to $19k to $3k to $63k. That's all it does, up and down. Some people can't accept the down part though.

$29 > $2 = 93% drop.
$1200 > $111 = 90% drop.
$19k > $3k = 84% drop.

An 80% drop this time, from the ATH of $63k, means a $12k low point, probably settling around $15-$19k for the next few years (a mere 70-75% drop).

So anyone who recently bought bitcoin and HODLd, while the people shouting "HODL!" were bailing out, well, like the bag holders every other time this always happens, have to either cut their losses before it reverts to late 2020 levels, or hope in 2024 the government still hasn't regulated crypto and things go nuts again.

If you do the latter, I'd suggest converting the bitcoin you have into something like XRP, which has a potential future, practical use case, none of the world killing issues that even oligarchs pretend to care about these days, and is priced low enough to multiply nicely.

And those telling other people this worst time to buy is the best time to buy: how much have you bought?

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