A meme we can all relate to

I came across this meme on reddit yesterday but now I can’t seem to find it. It basically depicted how crypto enthusiasts often buy bitcoin at its highest point, watch it plummet, and if it bounces back even by a little, they throw a party even though they’re still in the red LOL. It popped into my mind again when I checked bitcoin's price at $91k!! I know it’s hardly a reason to throw confetti, but after a tough few weeks, we could all use some good vibes, right? The reason these crypto fans celebrate even though they haven’t really made any profit is because this price action might hint at brighter days ahead. Anyway, that meme was a joke, but I couldn’t help but laugh since I totally relate.

If you buy BTC, you should look at it from the long-term perspective anyways. So don't be afraid, and keep your coins safe. Everything will be better from there in 4-5 years.

There are many memes that are lost in the market and may not gain ground, so deciding to participate in them is very risky. Perhaps many people are still trapped in the system of buying coins without observing or analyzing the coin's fundamentals, ultimately resulting in losses. The most important thing to consider is how the investment can grow and develop, and perhaps this can be seen based on the coin's long-term performance. The reason Bitcoin is the choice of many people today is because it is indeed a much better and more fundamental investment, especially for the long term, even though it can sometimes be quite speculative in the short term.

I don't think OP wrote about memecoins, more about BTCs cycle in general and the reaction to it in a form of a meme on reddit

I totally get it. Everyone is just celebrating minor gains these past few days, and honestly, I think some of these celebrations it's not really about the gains. After all this while of seeing red lines and everyone nearly freak-outs, it feels so good to see Bitcoin starting to move positively, and I think that means people are getting their hopes back. We are still not in the making tons of money zone, but I think people really do just want some peace of mind, and this panic probably calmed some of that. Crypto bros and a few others are just trying to find ways to smile  because it was not easy. Celebrating the little victories is what gives people motivation to get through the tough times.

It's just a meme, so don't take it too seriously. When the market is bearish, you'll see a lot of memes circulating online mocking Bitcoin holders with things like that. It's somewhat humorous, as the lines they say make sense, but some of them are more of a mockery, suggesting that the holders are simply delusional. Don't take it too seriously. As the saying goes, "Dogs bark at what they don't understand, keep going." You know what that means.

Such mockery only targets people who have no compelling reason to hold Bitcoin. And it's a kind of test for holders to prove them wrong. Memes like this have actually been created for every Bitcoin drop. And these memes have been around for a long time. But I personally think satirical memes like these are created by people who don't understand Bitcoin so they create them without basic knowledge. I personally prefer to see memes that are educational. And some memes comparing Bitcoin prices then and now are the most appropriate memes to use to satirize people who don't believe in Bitcoin in the long term. I've come across them several times on social media. And sometimes I participate to support such educational memes. Here's one example from 9gag (Source).

It depends though. There are people who don't hold and are just day traders because no every one is going to buy and hold. The markets need such traders and without that liquidity, trust me the market would look pretty dead. Of course, trading while looking at the long perspective is less stressful and needs a lot of faith and patience. We only know that Bitcoin will perform better from the long perspective because of historical data, but then imagine guys who held bitcoin back then shortly after it began trading.

The majority could relate. Also, the feeling, let's say if Bitcoin made a new all-time high and people say, "Once it dumps 10% or more, I will buy more Bitcoin! " - But what really happened? They are afraid to buy already and when price recovers, they regret or got FOMO and buy instead, lol.

Don't join others in doing what you don't know the reason of them doing so, secondly, don't invest on any coin or token when you lack more information on such, consistency matters and these people you see knows themselves and have their targets, they do celebrate for unrealized victory because they know already it's coming at the cause of time.

$91k is still above the price many long term holders acquired their Bitcoin. Those who are celebrating might still be profitable. Some might want to celebrate because psychologically it still feels like a victory bouncing back from $80k. When your portfolio is going down day after day, you will take any win you can get. Now at least some people won’t have to get a job at McDonald’s anymore because the price crash is making them poor.

Nothing wrong with it. It's good to see market shifting trend after full bearish weeks, even a little bounce is better than another -10% no? The meme is undoubtedly funny but at the end of the day it's a meme. I to this day still prefer seeing BTC recovering from $80k to $91k than it to go down to $65k.