So, according to the most recent BTC price chart, Bitcoin fell by over 67% between October 12 of 2021, and November 12 of 2022. The value of cryptocurrencies as of today November 17, 2022 ($16,562) is around 72.58% lower than the value per coin in November of the previous year
mistakes in your claims
1. you think that VALUE and where bitcoin should have sustained was at the ATH
2. considering the temporary price event of single days as the bases of long term value
3. thinking of it as a CRASH that needs correcting
here is the thing. bitcoin VALUE is not at the top.. its at the bottom
2017 had a $900 bottom and a $20k top
that $900 is the store of value number.. no one wants to sell below thus protecting that amount
2021 had a $10k bottom and a $75k top
that $10k is the store of value number.. no one wants to sell below thus protecting that amount
when buying bitcoin.. BUY LOW sell HIGH
you buying at a high was a bad point to buy
2022 has a $16k bottom
as you can see the bottoms increase over time. protecting more value as time goes on
the random market rate above that is speculative/temporary drama where buying high is not the point of bitcoin..
bitcoin after the ATH of 2021 speculative bubble premium small event in time CORRECTED back down to good value of 2022 prices
in the future this $16k bottom will be a raised bottom where $16k wont be seen again because no one would sell below it in future years
the lows will raise up above previous years lows
the highs will raise up above previous years highs
but in the meantime. dont buy high and cry about wanting to sell low.
flip the mindset
bitcoin value is found at the low not the high
bitcoin is the opposite of fiat.. bitcoin is deflationary not inflationary. so flip the mindset