Bitcoin just reached $60k recently and people are eyeing for Bitcoin to reach a new ATH again within the month. But I feel like it’s backing up its price again, but I hope to it won’t dump to like half of its current value now. People might panic and would for sure sell most of their assets, good thing for some so they are able to buy back again Bitcoin at a lower price; bad for some and for those who bought Bitcoin at around $40-$50k if it’ll really dump half its value now.
I think it is bad for everyone, I understand that there could be some people who hope for buying it low and getting richer when it goes up. However when a crash happens and it drops there are two type of situations that doesn't help people who want it to go down so they can buy cheaper. One of them is the fact that when there is a big crash it takes time for it to go back, remember how we were 20k and then dropped to 3k and when it reached back to 20k that was like 3+ years later, and that is why it is not easy to buy at the bottom and waiting.
Secondly many people who say they will buy if it crashes ends up seeing bitcoin as a dangerous thing when it starts to drop that much, I mean there is no way to know what they will think, if you see bitcoin going from 60k to 10k instead of buying at cheap, you may fear and get scared and decide not to buy.
