It feels like every bull market people think they know everything about crypto and things are all well and good. But as soon as the markets correct themselves you then have a vast majority of people calling it a scam, pump and dump or any other various things.
The thing is though these people are missing the real value of the asset. The value of which bitcoin corrects some of the biggest issues in the financial world today.
Those issues being inflation and debasement on a non-fixed supply. There are actully very few blockchains today that have a fixed supply. Most of an infinite money glitch in which they simply continue to just keep printing and is then burned off via transactions. The issue with this however is inflation gets stronger as bear markets set in and transactions lower. Or people get tried of paying high fees and stop using the blockchain all the while it continues to produce an "set
inflation amount.
Bitcoin however if fixed and nearly all of it has already been mined. There's only about 1.277 million bitcoin left to be mined and the pace of which it gets mined will only continue to fall more and more. We also just recently went through a halving event from 6.25 BTC per block all the way down to just 3.125 BTC per block.
Bitcoin also fixes two other major issues currently in the finance world. Limited trading hours, difficulty to transaction money across boarders and a central entity that is in control of it.
It's expected that BTC's next halving event will take place March 31st 2028 of which it will go from 3.125 BTC per block all the way down to just 1.5625 per block and in 2032 just 0.78125 BTC per block.
We can see this clearly when we zoom out a few years and see that during hard times or times where wars are raging on that $BTC actully increases while the rest of markets get shaken up either only growing by single digits or in the red.
The Cycles
Many people get hung up on the cycles. The flash crashes of 10%+ and then the rallies of 30%+ If you pull out though you can see that BTC has always recovered it's price. While we are still struggling a bit from the last ATH it's not far off.
By removing out the emotion and buying on hard dip days when everything in your body is telling you otherwise you would have always been better off compared to other assets such as Silver, gold and even the stock market.
Now of course that matters a bit in terms of when you bought at the dip and how long you held on to the asset.
For me personally I just continue to stack it. But I'm now mining it and also expanding into other assets that grow with staking values. My goal as always is to make at least $100 in Fiat from staking rewards or profitable rewards. This comes from various sources such as active (Hive, InLeo ) but also staking rewards from cryptos like Ethereum, Polygon and a number of others.
Posted Using InLeo Alpha