Where are we?

right now at 0.3 btc i'm basically dollar cost averaging it as it goes down and sideways until i hit my 2btc goal. i was waiting for $5.3k to buy next but it never fell that far this time. now i wait and see a bit there is no hurry.

I'm talking price wise, this chart does not correlate well with price/bagholder sentiment.
Because I feel like Depression but we still have a long way down.

Unironically anxiety

i don't think it has much lower to go.

actually dollar cost averaging btc might not be a bad strategy. you cash out time to time as it goes up. in a rally you can cash out a lot. of course if you timed successfully you would beat dca by a considerable margin but this dumb strategy is pretty low risk on a deflationary asset long term.

i have to make a spreadsheet sometimes what it would have meant to dca btc from 2010 with monthly adjustments. i got a feeling it would have been pretty nice yield.

there is a strong urge to try time the market but it doesn't really work out for most people.

I think when people were posting 75% of threads with pink wojaks, that was panic. Also a lot of people said "BTC WILL NEVER GO UP AGAIN, IM LEAVING" etc. Also tons of people sold and left and still aren't back in. I think going down lower is possible, but based off the fact we have touched down here multiple times, I don't think we are going that much lower.

BTC can go lower if the market divorces itself from it though. I suspect this will happen in less than a year.

We already broke the "triple bottom" trend on this last sell off, this is just a temporary correction, trust me we'll be touching low 5k soon without a doubt. A great possibility we'll even hit low 3k during the actual Depression.

This is actually a good thing because if we bounced off now without any kind of accunulation period, the next bullrun would be short lived. And that bullrun should've already begun by now if that was the case but we found new lows just recently, this correction is taking too long for that kind of play.
We need a long accumulation period before we see the next bullrun like we witnessed in 2017.

Deluded, the case after disbelief

everything is possible i started buying because it's also possible that some crisis (or some faggot printing tethers) triggers a premature bull. that's why i don't wait for clear cut bull market. it happened when btc hit $3k and started going down it never hit below $1k as i expected.

I guess I'm saying I felt the panic was in Late january/early feb. I think after that all the panic sellers got out. People bought the dip though, and it went up, then it slowly went down until march.

Most of the dropping is done. Not saying you have to buy today, just wouldn't wait too long. Seems like prices don't respond to FUD like they did in January/Feb. That is a sign we are close to the bottom.

I think institutions are ultimately plotting/hoping to be able to buy tons of crypto assets and then they can easily inflate the price and sell to boomers. I think clarifications need to be made on the regulations for that to happen.

I think you are putting WAY too much into the meme lines here. This is a new market, and a change in regulations could send us on a crazy bullrun at any moment. It isn't going to follow the trends of a typical market just yet. Sure, 10 years from now, I suspect crypto market caps will look and match the traditional exchanges. Right now though, anything can happen.