The current crypto money momentum seems to be a balloon waiting for beginners and explosions, perhaps for novice users. Veterans know very well that this is only a point on the radar.
Many people who focus on the short term Bitcoin momentum tend to lose the big picture. Over the years, Bitcoin had numerous climbers and low levels. Binance's CEO Changpeng Zhao reminded users today that this volatility is not something to worry too much about. Zhao stated that there is no "flat" price tag in Bitcoin, and noted that every year the same model is experienced.
Many people seem to think BTC price was flat before this year, as they appear on the graph. To the old timers, it's the same pattern every year. Just the units on the left is different. pic.twitter.com/mwu8U3jn0J
– CZ (@cz_binance) June 10, 2018
As Zhao notes, there are certain graphic models that appear every year in the Bitcoin world. This is especially true when it comes to long-term downturn. The year 2017 was not exactly different in this regard. History is constantly repeating itself in the Bitcoin world, so this year it can reach a new summit.