This morning, bitcoin dipped below 50,000 euros for a brief moment. The price recovered quickly, but it feels like a new all-time high is residing in a galaxy far, far away.
That’s the nature of cryptocurrency. In the beginning of this week, everyone was hopeful but a couple of days later, the market sentiment changed to fear.
Perhaps it’s wise to listen to Warren Buffett when he said:
‚We simply attempt to be fearful when others are greedy, and to be greedy only when others are fearful.‘