Bitcoin has broken the all time high of 2017 and now it is around 19,000$. The worst part is that even on these level, we are not seeing any pumps and look like price may fall all the way to 10,000$ or even lower.
Once bitcoin was at 69,000$, who would have thought that bitcoin will go so low so fast ? Now what do think, where we are in terms of bitcoin cycle. I think we are already in th bear market since summer of last year and maybe the bottom/ end of bear market is near ?
I believe bitcoin will not go down below this current price level. Base on your toptical question. It is only newbies on bitcoin will be disappointed because their aim on joining bitcoin space might probably to make profit which is against the motive of bitcoin. But the old users of bitcoin will never be disappointed because they have experienced on bear market and the bull Market. So they (the old users) are always stable on any circumstance in price. Although it would be painful when you buy bitcoin in higher price and sell it in a lower price.