The Excitement Is Like A Graph
Lets take us back memory lane a little, remember in 2021 when the price of bitcoin was at $69k we were very excited because it was a new high. But after few days the excitement died down, everyone started aiming for $100k. Humans have this short excitement feeling spam, its all nice and exciting when the high price was reached but after that what next? One thing about the human mind is, when the euphoric feeling is high, we humans tend to be more greedy and start demanding more. That is why you see a crypto trader of forex trader refuse to take profit when they are in profit because they are greedy. But how long does this feeling last?
source
When bitcoin started declining from $69k, everyone started feeling bad, below $60k price felt like the end of the world. Everyone was panicking thinking that below $60k price of bitcoin is the bear market and that is the worst thing that can happen in the crypto world. Few weeks later the price of bitcoin got below $50k and everyone’s fear increased. $50k seemed like the end of the world that moment, people were sad because they just watched their expectation go from hoping expecting bitcoin to reach $100k to hoping that bitcoin doesn’t go below $50k. Unfortunately the price of bitcoin went very low over time and got below $20k, now everyone’s expectation and excitement went very low.
In 2017 when the price of bitcoin was above $15k the whole world was happy and excited, but this year when the price of bitcoin got below $20k the whole crypto world felt cold. It felt like Bitcoin was dead, but the price slowly increased, got to $25k and we celebrated it, we were excited because we have seen and experienced lower bitcoin price. Then few days ago the price got to $35k and we all celebrated it, but remember last year when we were at this price, we were feeling sad that bitcoin was at $35k but today we are excited and celebrating. Few days later the excitement will slow down again, we will hope for higher price and that’s how the excitement graph goes on and on.
Posted Using InLeo Alpha