“ Ain’t No Sunshine When She’s Gone!”😇
Yes my friends, this is a “Feel Good” post!
Phoenix our “Grand-dog” is coming to visit Silvertop and Liz next Month, and I thought she was just the “medicine” to put everyone in a good mood for the weekend!🤗
There is so much drama in Crypto, I don’t think I have ever seen it this bad, and Silvertop has experienced Bear markets before, being an “OG” from 2017!😇
The so called “Expert Talking Heads” are once again calling Bitcoin dead!
Others are talking about criminal prosecution of Michael Saylor!🙄
Hmmm…………….🤔
Some are saying that the current market condition is much worse than the collapse of FTX!
I asked Chat GPT to analyze the current drawdown of Bitcoin, and compare it to other four years cycles…………………….
“Silvertop this is what I found for you!
So the short answer is: Bitcoin is currently down about 49–50% from its all-time high.
Since you’ve followed Bitcoin for years and regularly dollar-cost average, you may find this interesting: a roughly 50% drawdown is actually one of the shallowest major bear-market declines in Bitcoin’s history. Previous cycle drawdowns reached approximately:
- 2011: about 94%
- 2014–2015: about 86%
- 2018: about 84%
- 2022: about 77%
This cycle has been much less severe so far, which many analysts attribute to greater institutional ownership and the maturing of the market.”
I Christmas gifted each of our sons, and their Wives, Trezor cold storage wallets a couple of years ago. I preloaded some Bitcoin on each, and included instructions on how to purchase more BTC. I also printed out a 8 1/2 X 11 chart showing how severely Bitcoin has draw down in the past!😳
“Boys, your Mom and I are hoping you add to your BTC in your Trezor, just pay attention to this Four Year Bear Market chart, notice the severe drawdown each cycle!”🙄
I continued to explain that BTC rebounds and makes “Higher Highs” the next cycle………..Not to worry!😇
“Dad I finally got the paperwork to sign up Baby Olivia for Trumps Free $1,000 Stock for newborn babies, I am even going to add money/stock to her account!”🥰
“Thats excellent Bill!”……….
Silvertop was hoping our son would sign up for the “Free” $1,000 of stock for his baby daughter!😊
Silvertop was also hoping Bill would dollar cost average some Bitcoin Sat’s in his Trezor cold wallet!😍
Silvertop adds Sat’s for their Birthdays, and Christmas, but other than that the Bitcoin balance doesn’t change!🙄
“Liz our son has bought into “Stonks” hook, line, and sinker!”😳
“Pet Phoenix Silvertop, it will be OK, we will keep adding Sat’s for our kids, and hopefully when our Granddaughter Olivia grows up, she will be able to explain Bitcoin to our son!”🥰
“Come here Phoenix, good girl, Grandpa and Grandma really missed you…. do you want to hear about Bitcoin Lol!😇
Till tomorrow Silvertop Mike 😊
This report was published via Actifit app (Android | iOS). Check out the original version here on actifit.io
😀LIGHTNING WALLET TIPS……..THANK YOU!!!😇
misttuna84@aqua.net
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