Bitcoin has a long way to go ...to nothing
This is one way to look at it. You believe in whatever thing you want, but believe have a price: time and mind health.
In TA there is this theory called Dow theory. You might want to google it and especially the numerous cases when it verified in practice.
One image that v nicely exemplifies this theory is this:
alphatrends.net/wp-content/uploads/2017/05/AT-UMS11x17.jpg
I give one recent example: Gold 2008-2018
This is the chart of gold and I put a red dot where we are compared to current BTC levels. A long way to go indeed.
Problem is that even if it stabilizes like Gold in the next 2-3 years, maybe at 1000 USD, then it doesn't mean BTC will start a new bull market
As per period, you need to lower your expectations greatly, even after 2013 peak, BTC took another 4 years until 2017 to experience the bubble market again. 4 years!
We are in the 2nd phase of Bear market (Panic or Big move downwards)
After this period ... follows Despair, hope lost and this is a human process. It seems to take some 2-3 years in average. If you plan to explore your inner despair and regret emotions ... this is your chance.
My personal suggestion is to forget about it. If regret is you thing then HODL and let it go. It is gone. There is no hope for you there if you plan to remain a sane person.
I even draw some arrows for crystal globe lovers.
But this is just a theory. Believe in anything you want but have skin in the game otherwise you lose time
In TA there is this theory called Dow theory. You might want to google it and especially the numerous cases when it verified in practice.
One image that v nicely exemplifies this theory is this:
alphatrends.net/wp-content/uploads/2017/05/AT-UMS11x17.jpg
I give one recent example: Gold 2008-2018
This is the chart of gold and I put a red dot where we are compared to current BTC levels. A long way to go indeed.
Problem is that even if it stabilizes like Gold in the next 2-3 years, maybe at 1000 USD, then it doesn't mean BTC will start a new bull market
As per period, you need to lower your expectations greatly, even after 2013 peak, BTC took another 4 years until 2017 to experience the bubble market again. 4 years!
We are in the 2nd phase of Bear market (Panic or Big move downwards)
After this period ... follows Despair, hope lost and this is a human process. It seems to take some 2-3 years in average. If you plan to explore your inner despair and regret emotions ... this is your chance.
My personal suggestion is to forget about it. If regret is you thing then HODL and let it go. It is gone. There is no hope for you there if you plan to remain a sane person.
I even draw some arrows for crystal globe lovers.
But this is just a theory. Believe in anything you want but have skin in the game otherwise you lose time
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