Recently, there has been a fairly common view that Bitcoin is going to have a major correction, and some people have even directly claimed it will crash below 60,000.
The reason is that the results of the election on November 5 have come out, and the current rise is seen as an early realization of expectations. Just like Bitcoin's halving, the day expectations are realized is a bearish moment.
Indeed, logically it seems correct and has some rationale, but upon closer inspection, many people tend to focus solely on external news and information while neglecting the intrinsic value of the asset itself.
No matter who is elected, even if it is confirmed to be bearish, that is only temporary FUD. If you are doing intraday trading, you might want to pay attention, but we are all long-term holders, and there is absolutely no need to overly focus on the news events happening in the market.
As long as Bitcoin has not been 51% attacked, as long as the intrinsic logic of Bitcoin has not changed, and as long as we assess that the current Bitcoin price is not expensive, we are fine. "In the previous text, was Bitcoin at 70,000 USD expensive? This was discussed."
Every FUD and every crash is an opportunity for us to increase our positions. Do not reminisce about the past; look forward more and consider the future.
People always like to reminisce about the past, about Bitcoin's history, when Bitcoin was at 20,000 USD, 40,000 USD, 60,000 USD, which was actually just in 2023. Unfortunately, Bitcoin never lingers on its past; it continues to move forward regardless of the storms.
Most people who reminisce about Bitcoin are those who missed out; the reason they have been slow to get on board is due to their limited understanding of it (I am no exception; who hasn't come from being a newcomer? When I first entered the circle, I missed Bitcoin at 7,000 USD).
However, in reality, looking at the long term, Bitcoin's growth has only been forward. Bitcoin has advanced from hundreds, thousands, and tens of thousands to now hundreds of thousands, and for those who do not have a deep understanding of Bitcoin, it will always seem expensive.
Because vision determines perspective, and perspective determines action.
Hesitating to get on board while being eager to get off may have many reasons, but the main one is still that the vision in one’s heart is not big enough.
Currently, the market is close to breaking the previous high of 73,777. Even if there is a downward correction, it may only be about 10%, but there is at least 100% potential upward space.
