Time does make a great difference in the way you perceive things. Take for example Bitcoin. At the moment I sense a general feeling of tenseness because in the last week it has taken a quite big falll.
This makes people nervous and I am seeing articles about how Bitcoin is not out of the bear market, that it will probably go down to unthinkable lows, that at the moment it is not a place to invest your money. But then when I look at a month old chart I see things looking not so bad, yes Bitcoin has had a drop this week, but it is still in a not terrible teritory.
Still people will think, yes but it will continue going down and it will be a catastrophe. So I go back three months, and things look even better that what they looked like a month ago today.
In fact, looking at this chart I would say Bitcoin is doing great despite the big drop in price it had this week. The moral of the story is, do not take Crypto especially Bitcoin's price as a reflection of how the coin will react, Bitcoin is versatile and Cryto is volatile. Yes, it could go down to unknown depths or rise to new heights. But to me, Bitcoin and other Crypto are worth giving them a chance, you never know, maybe one of these days you hit the Jackpot.
All charts are of course from coingecko.com.
