Nice Analyzation I admire your trust in bitcoin.
3> so you say that you are down 70% down on your investment, how can you be down if you not sell, you bough XXX btc, which is same amount now.
This is what they dont think every investors must think like this.
Dont look at the price equivalent on your investments.
4> market is not stupid
for every guy selling = there is one guy buying
Those 2 lines are technically right and well explained.
Investors must read this topic, thanks for the OP to enlighten some people who are giving up.
Bitcoin's needs us more in this kind of situation, dont panic sell and after seeing the price is recovering you will buy again at high price then sell it on low price you are just wasting money.