yeah that true but where is the bottom to this $hit show we are currently at 27000 for bitcoin. I am no TA expert at all but i ve heard the next support is somewhere between 20000-21000.
If you are a long-term holder and investing in bitcoin doesn't affect your day-to-day economy, then I don't think you should worry too much and worry about how much bitcoin will drop.
If you go through 2018 you will see bitcoin drop from $20k to $3k and in 2021 you will see BTC's all-time high of $69,000. No need to worry too much about the price, keep holding in the bear market and wait for a bull market to see its rewards.
sometimes we are tempted by a similar incident in 2018, but what is called humans, sometimes they are not strong enough to hold on, so they do panic sells, and suffer losses. moreover we have to hold long up to 4 years. it is possible that the price of $20k-$21k is a strong support, because there is resistance in 2017, therefore we must believe in ourselves and do something according to personal analysis, so that whatever happens we don't feel disappointed
But what is happening with the market today is this a fresh start to return to the prices of four years ago.?
Only those who panic sell always feel a loss because they think that everything will just pass.