It's funny how fast things can go in the Bitcoin world.
Just a few weeks ago, the price of Bitcoin was just above $30K. Everyone was betting on a return to the $20K mark.
Bitcoin has since rebounded sharply back above $50K for the first time since May 14, 2021, and the crash that followed China's ban announcement.
Now everyone is in FOMO mode. Everyone is talking about one thing: $100K for Bitcoin by the end of the year.
While I have no doubt that Bitcoin will eventually see its price reach $100K, there are lessons to be learned from the past. Among the big lessons is that Bitcoin's volatility is part of the game.
Bitcoin is currently on the rise, but its price will fall sharply again in the future sooner or later. Bitcoin's evolution is made up of ups and downs.
This is natural, as Bitcoin is a free market where its users are constantly able to determine the equilibrium price.
De facto, its price fluctuates wildly depending on the events and emotions of investors. So you should be prepared to see the price of Bitcoin fall again, then bounce back again, and so on.
It is in your best interest to take a long-term view to control your emotions so that you do not experience this volatility. If you make this your greatest ally, you will be able to take full advantage of this revolution.
This was just a reminder as the Fear & Greed Index now stands at 79 which means extreme greed in the market.
Be careful and build your game for the long term.
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