I bought in at the downtrend at about 450. How long till this picks up again? Is it gonna happen this year?
Edit: no trolls pls
Tbh, the arguments for crypto have not changed since years or months ago. Price aside, what else is feeding the pessimism? VCs can't be that dumb to pump hundreds of millions into the tech for a zero ROI.
Back in 2011, BTC was accepted by very few merchants; The current growth of the Bitcoin economy is stunning.
People who buy more BTC now will get to enjoy seeing the price eventually jump way above the current level.
The answer is to hold and also buy more if you can afford to.