Whether you think this the start of the bear or a blip in the bull, seeing the market in the red for so long can definitely be intimidating for newbies like myself, and even more so for those who bought in at the most recent ATH.
Here are some facts to put things in perspective and stoke the (long term) bullish sentiment:
- 6 months ago BTC was at ~$23k. ETH was at ~$600.
- 1 year ago BTC was at ~9k. ETH was at ~$230.
- The total crypto market cap is up over 70% from January 1, 2021 (MC on Jan 1 was ~780k).
Today we look back on these prices and think "I wish I bought back then". In the future people will think the same thing about today's prices.
Stay bullish friends! We're on the road to mass adoption.
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