I love seeing how some are saying 10k is the bottom, some say 55k is important, and some are saying 200k could happen. This is why I love prediction markets because you get to see all kinds of people.
That's the beauty of the market, isn't it?
We'll see a lot of good analysis and insights about the market and they're backed with some information why they think it will happen.
This is the period we are in, whenever there is a bear market, people end up overreacting and because of that we see everything. I have seen speculations on everything from 1k to 1 million dollars during the past 2 months and obviously it is not easy for a newbie to understand what's going on, for people like us who have been here for a decade, it's a funny thing that we are quite used to by now.
I agree with those speculation that says "bottom already in" but I am sure bottom will get tested multiple times as we are not yet into bullish trend.
What we however need to do is the fact that market will take its own time to recover so we just need to wait around a bit more until it bottoms for sure. If current price is the exact bottom and market trades for next few months in range bound then going for DCA would be highly profitable. I am still into DCA but I have reduced my DCA amount by half with the plan of doubling once spot the bottom.
