BTC: Crash or Disaster?
Some believe it is a crash, others a disaster. Whatever you may think, BTC fell hard! I decided not to publish anything to see what might happen later. There has been a recovery in crypto prices, no matter how small. Pundits are putting a positive spin on things, but I dare say patience is the name of the game. Time is the custodian of events. Talking of pundits, I would suggest you read stuff written by Nicholas Taleb and Eric Balchunas, to name a few.
One may suppose those who recently got into BTC have panicked and sold. Nevertheless, on-chain analysis indicates that the OGs are not selling. While this is no financial advice, holding on to your BTC bag is paramount. Would I call this a crash or a disaster? Neither! What I see is the vagaries of BTC price movement. In other words, business as usual. In my previous posts, I said Bitcoin price must be above $72k to elicit excitement. Until that time, your guess is as good as mine.
