The bottom is irrelevant because the technology is ultra-relevant.
Bitcoin optimism is used by those who think that it is “going to 8k” as proof that the bottom is not yet in.
We are optimistic, not because bitcoin has not crashed to 8k, it wouldn’t matter to us if it did (at least it shouldn’t), but because we know it will prevail.
That is the psychology of a bitcoin maximalist, they can not comprehend it. And it is their failure to understanding this psychology that will cost them in the end.
The FIAT cost of bitcoin is relevant only to the extent that it dictates the amount a bitcoiner can purchase at any given time.
The bottom of this downturn matters only to those who can not see the true value of bitcoin.
“wen 8k” = “wen lambo” mentality.
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