Lessons from the Past: When bitcoin's price stabilised

[Cryptoreflector_666]

Lately, we have seen a lot of investors and crypto speculators saying that bitcoin's price movement is somewhat boring because it has been trading sideways for many weeks now. But I want to share something a similar incident or some scenario from the past. It was 9 years ago, early market's early stages but there's a pattern already. So this is a good time to remind everyone to just HODL and wait for the market to do it's thing. 



https://twitter.com/rockerest/status/91885405368098816

Those who have been in the subject of bitcoin for a long time already know that all cycles (price growth and fall) occur after certain periods of time. The maximum prolonged period of trend movement can be determined for a maximum of a year or a year and a half, and after that there will definitely be a pullback. This is how all financial models work in any trading market, whether it is Fiat currencies, gold and precious metals, or cryptocurrency on the blockchain.

[2double0]

It is also seen that when BTC stabilized, alts began their run in the not-so-old days. Whales, bots and investors love it big when they like to stretch the timeframe to show a move, a big move which shakes the entire market. But the real fun is in hodling and waiting for a price pump as we all are familiar with what Bitcoin is and nobody knows its true value. When some defi shitcoins are pumping like crazy and even crossing Btc's price, we cannot imagine what is BTC's worth tbh. Those who sold in early days or broke their hard disks or threw them in garbage are now regretting on their decision. We should have the will power to hodl, and BTC do the magic later.

[Argoo]

Well considering the past I am happy that Bitcoin is stable now. Last time it took a steep down dive after halving in 2016.
This year we all expected the same to happen but it did not.

I am sure most of us are now mature enough and will not do the same mistakes that some of us did back in 2011. Some of them are still biting their tongue after 2017 gigantic all time high.

If bitcoin continues to rise in price and fall, it will certainly be beneficial to those who are ready to use it to increase their profits. Overall, however, such high price volatility will deter those looking to use bitcoin as a means of payment. In any case, with significant price volatility, the state and their bodies will not use such a cryptocurrency in their activities. Therefore, periods of relative price stabilization are also important to increase the liquidity of bitcoin.