Bitcoin's recent price jump and how the community reacts
The Rally Continues
After a crushing plummet in December 2017, Bitcoin HODLers have been rejoicing at the sudden uptick in value. Speculators think the reason for this surge could be from Russian and Chinese investors, US investors putting money in after Tax Day, or any of a plethora of other reason.
Who knows? But one thing is for certain, the dark days are behind us.
...or are they?
Has the community learned anything?
A few months ago, before the humbling "correction" in December, the community would be clamoring with warcrimes 'TO THE MOON' 'LAMBOS FOR ALL' 'THIS IS IT FOLKS'. Indeed, those were the very same sentiments when Bitcoin historically made it's 2017 bull run to nearly $20,000. However, the very same community resounded in shattering FUD after the 70% drop caused at the end of that month.
The dream is still Lambos...but the expectations are less
The New Voice of the Community Emerges
Sifting through r/cryptocurrency in the last two days, I noticed a tone marked with maturity and cautiousness. The very same voices extolling the last bull run are opining that this is a Bull Trap - a false signal that a declining trend has reversed.
This shows that at least on average, HODLers have learned not to trust in FOMO or coin shillers, but rather to embrace skepticism and level headed thinking.
Hopefully this trend will continue and we enter another bull market, but no one can know for sure. At least we now have a community of intelligent investors.