Over the past year, we have gone through a very wide ride within the crypto market.
Although the past year has not been the best for price gains, if you follow the simple principle of buy low and sell high, this might be a perfect opportunity for building your positions to get in while prices are still heavenly discounted. Just to simplify that a bit further, if you would have invested a $1,000 value the past few months, that amount would have been worth $1,200 and that is a $200 gain.
We should not forget that bitcoin hit an all-time high of $67,000 on November 8 of 2021, which means if we ever get back to that same level again, you will be 3x in your investment at this current time.
Fundamentally, nothing with crypto has changed, more partnerships have been made, the development team is still building and most importantly, we are now in a clean time because sketchy exchanges and projects are getting whipped out so that we can grow on real healthy money. On the price action level, Bitcoin is down about 70% since its previous all-time highs.
During the last crypto winter, Bitcoin had gone down 84% from the top to the bottom before it when parabolic once again. It is safe to say that the market has been pretty rough, we are going through a pretty bad thing right now but something I have to say is to not be cheap to admit to having courage when everyone in been fear and fearful when others are greedy.
The crypto fear and greedy index are right now showing over the last month and if you had bought, you will be up now. I'm still very excited about bitcoin and I think it is better than the fiat and better money. As you know that money is anything that exists in the absence of liability, gold and bitcoin is a typical example of money. Bitcoin is a better form of gold because it is lightweight and easier and ultimately, Central banks will own it the same way they own and it will be the base layer of money.