Quote from: Ratimov on July 01, 2022, 11:53:48 PM

Quote from: FlamingFingers on July 01, 2022, 09:55:51 PM

No one can actually predict the absolute bottom, just buy in bit as the price go down, a lots of people are expecting bitcoin at 10k -15k as bottom but no one actually knows where it will bottom at, I won't be surprised to see bitcoin at such price because it seems like this bear season is going to be more brutal than the previous ones, imagine all the way from $60k+ down to 19k+ presently

It is clear that no one can predict the exact bottom, unless by chance. For investments, it would be nice to decide on the range in which the investor will buy bitcoin in parts, as the price falls. For me personally, this range is between $10,000 and $24,000.

I think you're right here, smart investors will be averaging in between this range. Some will go all in around $20K, which may or may not work out in the short-term, even in the long-term it'll likely still be considered a good buying price. For example based on the graph you posted, we are at the equivalent of $6K in 2018 or $300 in 2015 based on bear market draw-down, where previously investors began accumulating again.

I personally remember returning profit into the market around $6.5K in 2018. While in the short-term price dropped in half, in the long-term, it was a good average price during that bear market. Because ultimately, no-one really knows if we will definitively go lower from here, and if we don't, there will be many that will wish they had already began accumulating at this level (in order to average in at a higher price if necessary).

Also to note, we are at the April 2013 equivalent lows. While the correction has been significantly longer than back then, arguably it has been as aggressive. I imagine many people back then would have assumed Bitcoin would of dropped to $10-$30 after such a parabolic move, but instead, for whatever reason, it made a low around $65 before continuing up to $1200.