The inconvenient truth about Bitcoin and its cycles

[gwolf666]

Benjamin Cowen's reflection on Bitcoin's "inconvenient truth" strikes me as very accurate: this asset, however revolutionary it may be, remains tied to market cycles that we cannot ignore. For me, the most important thing is to understand that Bitcoin is not a straight line up, but a rollercoaster of emotions, where euphoria and fear constantly alternate. Many investors enter thinking it's an easy path to wealth, but the reality is that it requires patience, discipline, and a long-term vision. The uncomfortable part is accepting that there will be sharp drops, that the price can fall when we least expect it, and that not everyone is prepared to withstand that pressure. Personally, I believe that recognizing this dynamic is what differentiates speculators from true believers in the project. Bitcoin demands maturity, not fleeting illusions.