Bitcoin is good for trading the volatility. The buy and hodl days are over. You are doing it all wrong.
This is why I am on the edge of leaving crypto like the op personally. Some of us have day jobs and we don't have the time or money to sit around all day buying at the dips playing day trader. I want an investment I can feel safe buying, turning off the computer and coming back 6 months later. I am still unsure if Bitcoin is this solvent and alts definitely aren't that at this moment either.
Nice signature! For someone "with a day job" and looking for "investments were I feel safe buying" you sure have a lot of shitcoins...
They weren't shitcoins 3 months ago when I made my signature, but now everything is down in the dumps. Why the personal attack? If it's not the market being in the red severely it is the attitude among people around here that turns me off from crypto in general, it is very elitist.
That's because those who actually understand what bitcoin is, how it works, the technological as well as the financial side, the implications for society on the longer term and maybe even an understanding of the exponential function and network effects, are elite. Most people simply do not have the mental capacity to understand all of that at once. So when someone like the op comes along, who only takes a months long look at things and fails to take into account even the past years price history, there is a reaction. It's a toddler telling a university student why he is a fool, and being smug about it.
And they were always shitcoins. They offered nothing useful and therefore failed.
The classical response if you sell it must be because you don't understand bitcoin. Or maybe I understand better how bitcoin works then you think. After all, I already completed University. I don't think because it crashed and recovered before it will do that again automatically. It's dangerous to assume so. Maybe it will but as I said, all the facts currently point in the other direction.
I will stop posting here now because I think I made my point, I heard no valid arguments against it, and some of the people who respond seem to have lost all sense with reality. I just hope people realize in time that the rocket to the moon has run out of fuel and is starting to drop.