The price of Bitcoin has fallen recently. This proves that it is time to embrace a more mature culture in order to build, grow and embrace bitcoin. Because its price differs, it is differentiated from other cryptocurrencies. The price of bitcoin has fallen recently, but what is important in the long run is its value proposition. Traders and speculators are losing interest. They continue to approach new projects such as decentralized finance (DeFi) or non – mixed signals (NFT). This indifference to some people is considered a negative evolution of Bitcoin but very positive for others.
Bitcoin and its “bear market”
Some of them are justified by the fall in the price of bitcoin because of its lack of real functional utility. Since bitcoin was created, some analysts describe it as a Ponzi scheme. In fact, it relies on constant artificial speculation within the cryptocurrency market. As speculators are attracted to all these glories, they will sometimes lose interest in Bitcoin ” bear market “.
However, bitcoin is still trading at a much higher level from the lows of 2020 and 2021. Its adoption, which is increasing at the institutional level, shows real value. Due to cash printing by the Federal Reserve as well as the actual negative interest rates, the inflow to the stock markets ceased. Bitcoin and other altcoins are also affected. It is only after this chaos has dissipated that we see what assets, projects and activities really offer objective and tangible value.
In the face of the current downturn in the overall market, traders need to rethink their ” good investment “. Investment should, by definition, be based on long-term confidence in the value of an asset and not on short-term growth projections. As for the price of bitcoin, it increases by 331% compared to January 2020. The performance of the S&P 500 lags far behind. It also exceeds the total retail profit. Bitcoin also outperforms all other assets despite falling half from an all-time high.
There is currently a timeless culture of choice in the Bitcoin community. The term means weak over the long term. It basically opposes Ponzi-minded speculators who always need a quick win. This 331% is more than enough for Holders who bought before the frenzy in the last two years.
The fundamental value of bitcoin will never cease to be true in the future for those who know how to wait. Its detractors have blamed Bitcoin for needing its meme-stock speculators to function. After the latter disappears, they regret the absence of these speculators. This proves that Bitcoin is not a Ponzi scheme. The honesty of its current price reflects the honesty of offering core values.
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Interested in investment and financial markets after a business school in Chambéry, the passion for cryptocurrencies was evident. The blockchain is definitely the universal tool of tomorrow.