Amazing similarity of three BTC bears: 2014, 2018, 2022

[JaanusRaim]

2014: from $ 754 to $ 321 (-57%)

2018: from $ 13445 to $ 3747 (-72%)

2022: from $ 47737 to $ 16531 (-65%)


When your read "The Times" article about the Bitcoin and acknowledged that Bitcoin was not only the investment of the year (2013) but the investment of all times with its 10000% yearly profitability you - of cause! - decided to put all your money into Bitcoin at the beginning of 2014. During the year you money (lets say that it was $1 000 000) decreased to $426 000. You decided that "enough is enough".
When crypto went truly mainstream you put your money into Bitcoin again. $426 000 decreased to $119 000 during 2018 and at the end of that year you took your money back from "the miracle investment".
The third time you invested into Bitcoin when it was just hit the magical one trillion dollars. $119 000 decreased to $41 000 and the law of regret worked as always - you took your investment out of that scam and was lucky enough that it was not Terra Luna....

Your BTC investment had a -95.9% return over three years. What went wrong? Bitcoin had not died… in fact, BTC had always been exceptionally strong when you bought it: its fundamentals were in top shape (its acceptance rate was at ATH levels, its reputation was top notch, its popularity was wonderful).
Bitcoin was not collapsed, not at all! But your investment was.

Bitcoin was stronger than ever, but the market had already more than taken that strength into account.

[Dave1]

Or if we could just have hold Bitcoin for at least a cycle, then the return will be good as compare to traditional assets. I don't have the numbers, but still the returns as so high that those who have done it, sold at top, then most likely are going to repeat it again at the start of this bear cycle and wait then we enter the bull run again.

So the numbers are always right, maybe in the next bull run, the % increase could be the same as the previous cycle. Yes, it didn't die, it just went into the crypto winter and we all know that there will be times that we will bounce back. So patience is the key and then just keep on accumulating thru DCA.

[JeffBrad12]

People come in too late and they blame the market. Market always have up and down, when a market is overvalued with high RSI, big chance it will go down but people don't acknowledge that fact and decide to pour all their money thinking the market will go up forever.
Bitcoin's cycle has been pretty similar throughout the decade but people only get hyped up when price has reached certain level and going in too late. If they care enough about investing some time to learn the pattern of the cycle, they would think maybe right now is the best time to buy bitcoin seeing from historical data.