Agreed, people seem to think btc will hit a bottom, and immediately turn stable and start increasing. That isn't how it's gonna happen. It will likely hit a bottom, it will rise a bit, then people will start selling before it dips again, people like minsc will go all in and buy a buttload, drive the price up a bit, people who didnt get to bail on the way down will bail before it drops again, causing another crash, people won't buy in this time, and it stagnates, drops a little further, etc.
It may well be the end of bitcoin we are watching. Buyer beware.
That's true. When it hits bottom it tends to either:
1) Stagnate for a long time before rallying big
2) Rally up and then a mere 20 cents later some asshole will dump $50,000 worth of coins to force it back down and it'll crash even more
So all those miners and early adopters who didn't sell, didn't sell, etc. now when it's gone to $2 are all "Okay perfect time to sell!" And when it goes below $1, they'll think it's an even better time to sell. They should've sold at $10.