No More Panic In This Bitcoin Dip?

tylerwinklevoss
2022-10-21 07:53:53

Most probably, the recent big dip of Bitcoin can be categorized as a BIG CRASH by the mainstream media all because they are used to covering the traditional investment tools like stocks, forex or even derivatives...so their definition of a crash can be so different like what we are used to see here in the Bitcoin and cryptocurrency marketplace.

Now, one of the things that I noticed with this end-year dip is the lack of panic which characterized in the past corrections. Seems to me that we are just relaxed and maybe just taking things as they should be: just wait and it would be green again.

Does it mean that Bitcoin market is now really mature especially that we have now the presence of big institutional hodlers?

elandicaprio
2022-10-21 07:55:11

Corrections are something normal, they happen with every currency. EUR/USD, in comparison, has been depreciating since May this year, nobody's panicking. Now that Bitcoin's doing it, the media is losing their minds. The correction will end eventually and then it will likely rally higher than it was before.