lol you only want to buy cheap coins
longterm is intact!
How long does a graph have to keep going down before the short term becomes long term?
My long term outlook will change if BTC stays under $4 for a month. This would, in my opinion, signify that bitcoin's long term adoption rate has weakened substantially.
Still, this will not mean BTC won't be worth $100 or $1000 or more in 10 years.
And if BTC stays above $5 for the rest of the year this will not mean bitcoin will not ultimately fail.