After the big dump, why didn't anyone catch the bottom?


Because of despair.
After each big dump, most people in the market feel hopeless, and they all cut their losses without catching the bottom. In fact, the three most famous big dumps:
1. September 4, 2017: BTC fell to a low of 2900 dollars, if catch the bottom, rise to 20,000 dollars within three months, nearly 7 times. Ethereum also rose from 200 dollars to 1400 dollars, rising more than 7 times.
2. March 12, 2020: BTC fell to $3800, broke $10,000 in less than a month, rose to nearly $30,000 by the end of the year, easily increased by 7 times. Ethereum rose from $87 to nearly $1000, increasing by more than ten times.
3. May 19, 2021: BTC fell from 65,000 to 30,000, rebounded to nearly 70,000 in less than half a year. Ethereum rebounded from $1760 to $4870, buying the dip is profitable.
Afraid of big dump? Big dump is an opportunity! Some people say that blockchain is over, on-chain data is dead. I want to say that there are only one in ten thousand on-chain users among more than 8 billion people worldwide. Everything is just beginning.
BTC1.30%
ETH1.57%
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