Looking at the annual performance of
$BTC from 2017 to 2025 together is actually quite interesting.
Basically, each cycle is like this:
The year with the biggest surge is often not when everyone is most excited;
The year with the worst decline is often the starting point of the next cycle.
2018 and 2022 were so tough, who didn't doubt at the time?
But it is precisely during these "no one wants to watch the market" phases that space is created for subsequent trends.
The reason why cycles are still useful,
is not because everyone doesn't understand,
but because at each critical point, most peop