Why isn’t everyone partying for cheap coin?
Hardly anyone "parties" when the BTC price is going on, even if they are buying along the way.
Also, BTC HODLers don't really need to party when the bottom of the year has just been breached which gives more confidence to bears.
Of course, there can be some resolution that at least shit coins are dropping more, but sometimes, I look at shitcoin prices, and I wished that they would drop even more and purge some additional froth... but there is only so much purging that can happen, markets take time, even when sometimes there are sudden moves between the slow ones.
Where is the bottom? Who knows? Currently hoping that $5k holds in the coming days, but who even knows about that?
So, I am not celebrating, even though I have been in incremental BTC buying mode, especially for the past several hours, from $6,200 down to $5,500.. Even though the BTC price dipped a bit below $5,400, I have not had any buy orders fill below $5,500, so far.