For many people discussing the four-year cycle theory, I think it's absolutely impossible to cling to the old ways.

BTC is no longer the mining MEME from back then, nor is it the BTC that miners desperately try to push the price higher through community promotion after halving, or they risk having to shut down. The P kids who used to speculate on BTC are now seasoned traders.

If anyone still truly believes BTC can reach 40-50K USD, it’s just people who missed the boat and are anxious. Even after a dip, these people will buy in. In the past, BTC was a Ponzi MEME, and when it dropped, you genuinely wanted to rush to support the community. Now, even if you sell BTC, it’s just to buy back at a better price; the logic is completely different.

Can the US stock market experiences from the 2001 crash to the 2008 crash be applied to the US stocks after the 2019 pandemic? The 2001 crash caused many stocks to go straight to delisting, and the 2008 crash took about 2-4 years to recover various indices. But in 2019, the circuit breakers were triggered for just a few days, followed by a swift V-shaped recovery, reaching new highs within months and continuing to this day. The US stock market that people play now isn’t the same mechanism as the one their elders played in their youth.

There's no way to cling to the old ways.