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Phase One: In every cycle, there are always people who leave the market disheartened; history may not repeat itself, but it often rhymes.
BlockBeats News, November 5th, Binance co-founder He Yi stated in an article that when Bitcoin dropped from $1000 to $200, some people claimed that the cryptocurrency market was over. When Bitcoin dropped from $20000 to $3000, some people made the same claim. Even when Bitcoin dropped from $60000 to $17000, there were still those who said the cryptocurrency market was over.
Today, Bitcoin just dropped from $120,000 to the $100,000 range, and once again, voices claiming the end of the cryptocurrency market emerged. In every cycle, some people become disheartened and leave the market, while others remain calm and composed. History does not repeat itself, but it does rhyme. DYOR (Do Your Own Research).
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