I Thought This Bitcoin Cycle Was Different

This is an editorial opinion by Cory Tucek, the CEO of Movies Plus and the host of the “Bitcoin Made Simple Podcast.”

To all the plebs that came before me, listening to your tireless explanations and warnings saved me from some terrible mistakes. Thank you.

“As a Bitcoin newbie, I thought this time was different.” — Me (and every Bitcoiner past, present and future)

The above statement is something that I said to my wife just a couple of weeks ago, prior to the carnage that brought us down to $20,000 again. I was certain this time was different. There wouldn’t be 70% drawdowns in bitcoin anymore. This was hyperbitcoinization, the moment bitcoin would soar past $100,000. This was when bitcoin would become the world’s reserve currency.

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