We have been experiencing serious downtrend in bitcoin. Some people have been holding bitcoin since alt high $19500 December last year till date $6761 (six months ago).
My question is When are we going to experience pump/bouncing back to previous alt high?
Almost no one that bought bitcoin at almost 20000 is still holding right now they got desperate and realized they made a mistake and they sold their coins, also it is impossible to know exactly when that is going to happen so we need to focus on what we are going to do when that happens and right now the right thing to do is to accumulate as many bitcoins as you can before that day comes.
Agreed, the loss they experienced is very big. Only the bouncing back to the peak growth will help them retain the lost amount investing into bitcoin. In specific when the price was at the top it is predicted that it'll grow further, but things took place opposite to the prediction making the investors suffer holding without any time target.
The only possibility for people like that is that the price recovers quickly maybe before the end of the year, but for what I am seeing in the market that is not a realistic possibility, the market is going to take years to recover an even more people will sell disappointed with the lack of growth, but eventually this will only leave strong hands and the price will not go down anymore and that is when the recovery will begin.