market is doing fine.
How much deeper market gonna dive? Many believe we are near bottom.
I use to worry about the market price and wonder if we were at the bottom until I read a topic
here from a user that regardless of how the market appears, 1btc remains 1btc and as hodlers of bitcoin in different quantity, we shouldn't bother ourselves with the fluctuating value but concentrate on getting more, I found it very encouraging and I think we should redirect our focus towards that instead of worrying about the market bottom.
You have a point here, but in as much as 1 Bitcoin remains 1 Bitcoin and yet it's value is still given with respect to dollar, people will always continue to be worried, because unless all items were sold in Bitcoin, then no one would have worry any longer, because the only thing that would have been required is a certain amount of BTC to purchase your item. But for the fact that Bitcoin is been valued to dollar people will always complain because what $30,000/ BTC can buy, $20,000/BTC can not buy.. So for me, I'm happy to always see the price of Bitcoin rise
We would be able to quit comparing bitcoin to fiat currency like the dollar when either the fiat currencies are obsolete and/or no longer used or US dollar has become so weak that its value does not matter. Until that time people will always calculate bitcoin valuation in terms of dollars and we will be finding the tops and the bottoms in every market cycle.