What’s with all the panic?
1 min read
I don’t understand all of the panic when we’ve been range-bound for almost the entire month of December (unless you’ve been using excessive leverage). I don’t think we should be panicking unless there’s been a significant break to the downside.
It’s possible that 2022 could continue into an even steeper bear market. Bear markets are not new for Bitcoin, they usually come after a parabolic rise that follows a halving which can last more than a year. The last halving was on May 11th, 2020 so history is just repeating itself giving us excellent buying opportunities in 2022 and possibly even in 2023.
Tax sell-offs are also a thing near the end of the year.
Although the short term future may seem bleak we’ve still had an impressive run in 2022, don’t lose sight of that.
submitted by /u/Crakalak
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