B T F D

I was dead wrong about the market a month ago. I thought that we are waiting for a big pullback and several months of bear sentiments.

But crypto economics never ceases to amaze. It recovered so quickly and even grew 1.5 times from that moment.

Why?

1. People are too exсiced. There is no reason for a depression.
2. People move their saving to crypto-economy. Every month they put earnings into Bitcoin(s). Every time the market goes down they think: "Ok, now the price has become a little less and I can buy a little more".
3. Fundamentally this is all a transition to a higher technological level. It's a historical moment.

The capital just flows from one form to another. That's it. There is nothing about bubbles.

But in the case of huge 50% pullback, I think It's a good advice to BTFD.