After the crash, why didn't anyone buy at the bottom?
Because of despair.
After each crash, most people in the market felt hopeless and cut their losses, and almost no one bought at the bottom. In fact, the three most famous crashes:
1. September 4, 2017: Bitcoin fell to $2,900 at its lowest. If you bought at the bottom, it would have risen to $20,000 in three months, nearly 7 times. Ethereum also rose from $200 to $1,400, an increase of more than 7 times.
2. March 12, 2020: Bitcoin fell to $3,800, broke $10,000 in less than a month, and rose to nearly $30,000 at the end of the year, easily 7 times. Ethereum rose from $87 to nearly $1,000, more than ten times.
3. May 19, 2021: Bitcoin fell from $65,000 to $30,000, and rose back to $70,000 in less than half a year. Ethereum rebounded from $1760 to $4870, and you will make money if you buy at the bottom.
Are you still afraid of a sharp drop? A sharp drop is an opportunity! Some people say that blockchain is dead and the data on the chain is dead. I want to say that there are more than 8 billion people in the world, but only less than one ten-thousandth of them are on the chain. Everything has just begun.
