Guys ('n' gal), its all OK, if you were "fuck you" rich @ $63k, you're still "fuck you" rich @ $55k. And if you weren't, you still aren't.
All is fine. Just HoDL. Works every time.
There could be some on the threshold, and for sure, even though the majority of the BTC price has stayed within the range of $55k to $63k, the reality of the matter is that we did have a 20% dip from the ATH of $64,895 to the so far extreme of this particular dip down to $51,541.
I am surely NOT going to flip out because for at least a few reasons, I do not consider myself to be on the threshold, and I also believe that our current 208-week moving average of $11,235 has hardly even given a bleep about if the BTC price is at $65k or $50k, even though the 208-week moving average would surely move UPpity more rapidly with a higher price, either price hardly makes much difference in the whole scheme of things whether the current BTC price is 5.79x above the 208-week moving average or 4.45x above the 208-week moving average - a difference without a distinction, which maybe a very similar thing to what you, AlcoHoDL, are saying.
By the way, $20k could well just be an easier number from which to measure including that it attempts to skate to where the puck is going, and it is a logical number for other reasons (including being in the neighborhood of the previous ATH that stood for about 3 years from mid-December 2017 to mid-December 2020).
So if we measure this most recent dip from the consideration of $20k being our bottom (and $20k) being our fuck you status measurement, then we have a going down from 3.25x above the measurement (that would be cushion, no?) to 2.5x above the measurement... still have 2.5x cushion in the dip so far.
I guess in the end, what I am attempting to assert and suggest for longer term HODLers to attempt to consider current BTC price in terms of the most extreme of bottoms that you can imagine to be somewhat reasonable. I have chosen $11,235 as my moving target, and AlcoHoDL seems to be somewhere in the neighborhood of $20k, and if you had been choosing $50k or $60k as your number, you are likely being completely (or nearly completely) unreasonable to be expecting that some decently sized dippenings might not come along the way, and even that BTC prices may well get stuck in those decently sized dippenings for a considerable time before it is ready, willing and able to resume UPpity (presuming that at some point it will resume UPpity).
By the way, I recall from a few days ago hearing Willy Woo having a bet with someone that BTC prices will not go below $44,500 (or something like that) at any time before the end of the year, and so when the BTC price is dipping outrageously - like it did yesterday, then there can become some worries that the number is in jeopardy, and surely in order to get someone to take the other side of the bet, you gotta be higher than either my number of $11,235 or even AlcoHoDL's $20k-ish number.
Guys ('n' gal), its all OK, if you were "fuck you" rich @ $63k, you're still "fuck you" rich @ $55k. And if you weren't, you still aren't.
What if I need @ $150k to be "fuck you" rich? I'm now as poor as I've been
in all but 38 days of my life
And, that is another fair/reasonable way of looking at the being poor matter.
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