Well, I understand what are you going through because I walked the same path last summer. I invested serious money in my wallet and everything started to going down and after a few months a through it's over with the crash, but it crashed again. I was nervous like you now probably. And at some point, it started to rise. My gains were unbelievable and everything was like my friend told me how it will be.
So at the end of the March and upcoming months, you will see a rise and in the summer you will experience crash again. This is a normal thing in the crypto market. I know it's hard to just sit there and wait, but that is the only thing you can do now if you invested money. Just wait.
And the most important thing is to remember how this works because there will be more ups and downs. Anyway, whats the point if Bitcoin stays at 10000$ for 100 years.
Yes, I feel the way you think.
I've been following Technical Analysts just to get a handle and understanding of why the price goes up and down and to understand how the market thinks. The market is clearly manipulated, which disheartens me. It means the value isn't determined by the network and what we believe about it, but by all these speculators.
It's not about supply and demand any more. If it were, the price of BTC would be steadily increasing all the time. It's about charting a predicted path and buying at the low point of the channel or path and selling at the high point. And when the price of btc follows the analyst's prediction, then it cements the belief that there are a whole bunch of people shorting bitcoin.
People buy gold jewelry because of the perceived value of gold. But if the price of that jewelry were to go down by 20% in a day and then up 10% the next - it will make people question the value of gold. The trustworthiness of the value becomes in question. That is what is causing a lot of people to fear buying bitcoin: newbies don't buy bitcoin when the price is going down - they only buy bitcoin when they feel that btc is on a bull run. That's just how newbies think.