I think this is the most sluggish period since I joined the crypto currency. what your opinion?
What caused it?
We are in a bear market again and almost all coins drops so hard today. There might be a price manipulation since January 2018 and this is why the market drops so hard. In this kind of market patience is very important, I hope that bitcoin will not go down deeper to $5k level again.
Have patience, just go with your own decision. The present time can be considered as a buy time, and some consider losing tends to sell. Similar pattern of growth took place previously, price went as low as $6500 and then started to recover and reached around $9700 and stabilized around the $7500 range. This time too similar thing can happen.
You seem to be confident that there is a buying time now but what makes you so sure? After all btc could drop to 5k and then you would lose 20% if you go in now.