If bitcoin was a gift (or a test?) from some friendly civilization, it seems that we are failing.
A glorious bitcoin got diluted by thousands of garbage coins, with no appreciation during the last 5 years.
It's just a fact, but if you want to soothe yourself, then count from Dec 2018 and be happy.
I guess, human folly spoiled it in the interim, imho. I mean, we seem to be unable to grow a robist fin system around bitcoin and it is just an observation that seems to be based on current facts.
All "crypto" ecosystem is now completely decimated-I mean tradfi companies involved in various yield schemes. Poof, gone.
Additionally, it seems that some were able to portray to their customers that their bitcoin was real when it wasn't (no bitcoin assets, just bitcoin liabilities).
I am not sure how it was accomplished.

Next time, I am not waiting even for a new ATH, will probably sell a large % portion earlier (if we ever get there-to my undisclosed current sell target).
It feels silly to sell at 16K, though, so I don't.

BTW, I think Cathy Wood is right and Fed is making a significant policy error.
By rising rates too fast, they are sowing the seeds of another Great Depression.