Why Am I Still Optimistic About Bitcoin?

In addition to global economic problems, there have been numerous challenges in the crypto market over the past year. Although there are current negative conditions that keep the bear market alive, such as unfavorable macro conditions and regulatory threats, when we look at the developments in blockchain technology and the speed of adoption, it seems that the crypto market is powerful enough to overcome these challenges in the future.

Bitcoin closed the year 2022 with a significant decline and lost almost 65% of its value in 2022. Despite the sharp declines in the last quarter of 2021, it closed 2021 with a gain of approximately 43%. Bitcoin closed the year 2020 with a gain of about 300%.

If we examine the last 12 years of Bitcoin, we can see that it has experienced 9 up and 3 down. In addition, if we examine the Bitcoin charts, we can see that the rise and fall of Bitcoin are very hard at certain times. Being a short-term investor in such a market is really a big risk. But it is also possible for professional investors to make serious profits with short-term investments in the crypto market.

But in order to profit from short-term investment, a good education and experience is required, otherwise it is better to stay away from short-term investments. Frankly, I stay away from short-term investments and focus on long-term investments. When we examine the Bitcoin chart, it seems that most of the long-term investors, more than 2 years, are still in profit. Therefore, if investors in the crypto market plan to see significant returns over time, it seems more advantageous for them to focus on long-term investments.

That's why I focus on my long-term investments, I've never sold any of my assets at a loss because of fear. Because I usually pay attention not to invest in projects that will scare me and risky, for me the price is not important, the value of the project is important. Whichever direction the Bitcoin price takes, it will not surprise or worry me. Not only Bitcoin, there are also very strong cryptos such as HIVE that have not yet been discovered by many people. Similarly, it doesn't matter to me which direction the HIVE price goes. I believe that strong cryptocurrencies, especially Bitcoin and HIVE, will be appreciated in the future.

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In addition, despite the bear market, the increase in the adoption of blockchain by giant companies, giant banks and countries continues. Some are in the planning stage, while some are doing important work. The common idea of all of them is that they think that cryptos and blockchain technology will mark the future. Unfavorable macro conditions and regulatory threats are keeping the bear market alive, but developments in the crypto market and blockchain technology show that cryptos with strong infrastructure can overcome these challenges in the future. That's why I'm still very optimistic about most of my investments, especially Bitcoin and HIVE.

If I have to repeat, the values of the cryptos I invest are important to me, not the prices. It doesn't matter which direction their price goes because I don't have any investments that I'm considering selling in the short term so I don't have any worries or fears. But on dips, I like to buy more than cryptos I trust. For me, every drop allows me to invest more for the future. And I believe that I will take my profit in the future.

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