If you look at logarithmic models then this was expected to happen after the next halving.
True, although if we were to fall from a new top of something like 200k USD to a new low of below 65k, I wouldn't be as surprised as I am now. I'm sure you understand
It's a buying opportunity, it will not be bear market all the time and I think the current price now is already very cheap.
Doesn't mean it cannot be cheaper. Not trying to troll here or anything, just that for me it felt cheap and oversold at 30k
Now it's starting to feel more like a disaster.
We can make profit in just a short period of time if we have the courage to buy now.
When they are fearful, that's the time to take advantage of the weak hands.
I'm not looking for that. I'm not a trader.
I don't want to see bitcoin drawn down back into nothingness by banksters and scam stable coins.
$1000 btc would be a dream come true
90% of ATH which is 6900~7K.
Although this is unlikely, you must be prepared for all options.
What worries me is not to what extent we will go down, but the continuation of being below the $19,200 long support level (200 MA)
I remember a similar case when Covid-19 was first declared a pandemic in March 2020 and the price kept going below that level by more than 10% but the bounce back was fast.
That's what scares me too. This selloff with no bounces. Red week after red week, no support at the 200 week, no immediate buy back from below 20k.
I'm not sure at what point the community collectively decided that April'13 was just a roadbump on the way to November '13, but at the time it was very much viewed as two separate runups, and the '14-15 bear market went far below the april 13 ATH. The market has slowed down a LOT since then, plus we have big money investors who seem to be truncating the blowoff tops. If, as I suspect, the current market is a macro slow motion version of 2012-14, the bottom will be close to 10k, and we'll have multiple years of sideways and shakeouts before there's another strong bull. We may see a false hope bounce similar to november 2014 before the bottom actually happens.
Was the rundown in 2014 a normal event? It went much lower than it naturally would because MtGox went bankrupt and started all that drama that dragged on for years.
I was expecting a bounce when we fell below 35k and then we fell again to 21k with no bounce and then again to 17k that bounced a bit and all of it was on low volume. Really strange if you compare it with 2014 and 2017 where weekly volumes were 600k BTC and now we're breaking the same levels (20k) but with only 100k weekly volume.