Looks like people were right, Bitcoin dipped below 40k USD for many times and is still below it.
It turned out to be a very bearish market despite announcements from 2 countries to support Bitcoin as official money.
Time to go up for Bitcoin but nobody knows if and when.
Because Bitcoin is a scarce asset, we should see it go up at some point.
I guess no one can really stop the bear market, even those good news that you mentioned are not enough as we faltered again below $40k and in the danger of seeing that it can go down even further at $35k at least.
You were right, Bitcoin is now under 35k USD.
True is a scarce asset, but very volatile and goes into a cycle (bull and bear).
Correct, Bitcoin is very volatile and because Bitcoin is very volatile, we should avoid TRADE. Trade is very high RISK and can result in huge loss.
We should avoid it because trading is line gambling. Price can go up, price can go down. Nobody knows. Trade is huge risk!
For Bitcoin, we should HODL. HODL is very good because of Bitcoin's fundamentals. Bitcoin is a capped asset and really, really scarce, which has caused an increased price over time. We just need to be patience!
HODL is a very good strategy and working very well for Bitcoin.
We should look at Fundamentals of Bitcoin.