the situation is getting worse, currently the price of bitcoin is around $ 4500 - $ 5000. Many say the price of bitcoin will drop to the price of $ 4000, I hope that won't happen.
The circumstances in which we find ourselves are terrible, many are in denial and are trying to make it seem as if a recovery will happen really fast, but I have my doubts it will happen because if that was the case then the price will not be that low if there was such demand for bitcoin and for the rest of cryptocurrencies, so it is likely that we are going to see the current prices for some time before the market recovers.
Situation is not terrible or bad, its just current market situation. In long run everything be ok, now its a time for buying. Black Friday is here and discounts are everywhere, crypto is not an exception. Maybe I speak so calmly because this drop doesn`t hit me so much, its just a situation like any other, when you are with bitcoin long enough you will get use to it.
I sold some bitcoins at 7000 dollars, when it dropped to 5500 two days ago I thought its just a temporary drop and I bought, but now price dropped more, it`s ok I will make my position a bit stronger and I already bought on this price, if drops more I will buy again with the rest of my money, and I will not sell them until right times come, oh and it will come.