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Why is Bitcoin falling? This is the answer ->

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Bitcoin is falling because it rocketed up to the 70,000s very quickly. Many investors are in bitcoin for the gains and don't see Bitcoin as an end game store of value / currency. For them, it's a good time to take some gainz and move onto the next shiny thing.

And that new shiny thing will be bonds.

Bonds went up and it's putting pressure on selling bitcoin (and it will on stocks too - those are also high right now) because investors want to get in on those juicy juicy bond yields of 4-5%. But what is a bond? It's a personal loan that the US Government is continuously taking out and promising to repay. But the government doesn't have any money, so they just keep on taking on loan after loan. They can only do this because they have the biggest military on earth and many are even forced to give the USA these loans (as in they are buying US bonds).

But this only works for so long, the debt is piling up. Never in the USA's history has it had so much debt, and there is nothing on the horizon that's going to keep the debt from going higher and higher and higher. So the USA needs to keep on printing more and more money, which mean inflation continues to rise, which means bitcoin, as a store of value, will continue to be more desirable.

The point of this post is this: the more bonds that are issued and the more the debt raises means the more valuable your bitcoin becomes. Just because the price fluctuates a bunch shouldn't mean anything to you - BECAUSE YOU ARE IN IT FOR THE LONG HAUL. Bitcoin will go down 20%, but then it'll go up 30%. Don't make the mistake of timing the market, because most people fail at this.

If you got this far, just remember that it takes time for things to change. Progress is not a straight line.

Just HODL.

submitted by /u/SpaceToadD
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