if a old time holder who bought at say $10k is now afraid and wanting to sell at $20k thinking he missed the chance to sell at $70k and thinks he wont see $70k again this year. let him sell at $20k

the buyer of that coin wont treat it as the old timers $10k purchase price but the new buyers $20k purchase price.

meaning less people with coin below $20k purchase price and more people with coin over $20k.
thus bringing more support for people who refuse to sell at a loss where that break even/loss point average is more supported and stronger above $20k than last month

Let's just choose to understand them because we have our own situation and bucket to carry, we may make some mistakes down the road whether if it's the hard way or the easy way, but we will always learn from it and acquire some experience through it.

The thing is, time won't go back and our lapses won't be restored, if we sell our precious BTC now then it's on us and we might going to regret if we are seeing skyrocketing prices if the market starts to recover. We never know, this might be the lowest this year. So if we can, buy now while it's cheap and don't be stressed out because this is only temporary.

You are definately right that we have been here before. Actually, this is the third time it's come around. Now, we can't be sure that things will rebound from this cycle, there are no certains in life, but all indicators are that this is just a normal lifecycle.

No, you are smart because why you are here? You are one of the earliest people to get involved in btc, that is the time where people only care for its technology and not about its price. I think you just panic that time seeing the price feel from 20k down to 3k causing you to not think properly. You could have done a better idea but that was too late to realize it but anyway don't let the same thing happen again.

Right now, the situation seems to repeat where the price is heavily dumping. I bet you are now much calmer this time and I hope that you don't need money urgently. If yes then you can start buying btc's now. Just left something just in case the price fell more.

Am still suprise whenever I see people panic and sell their bitcon, we all know that bitcoin will definitely bounce back so why panicking and selling at lost, the current bear market gives everybody opportunity to buy more bitcoin and hold the once they are having already. The only people I believe they should even panic are the newbies that have not witnessed bear market before, but if you have witnessed bear market I believe you shouldn't panic and to the newbies my advice for everyone is not to sell you coin at lost, hold and definitely it will bounce back and you will smile later just hold.

It's like people never learn,even dough the values are different now (which create more fear among folks)it still bitcoin,the good news is that the bear is crystal clear,buying is clearly a good option now imo...aiming for a minimum of 5x gains from now on into the next year.

Exactly. Only a fool will sell Bitcoin when it's going down in terms of Fiat. The latter is going to collapse anyway, so it's best to hold on tight to your BTC until the dust settles. Those who've been a long time in crypto land, know this is only temporary as prices usually bounce to even higher levels than before. In a "hyperbitcoinized" world, you'd be paying for goods and services using Bitcoin directly without ever having to worry about its value relative to Fiat. Of course, this will only happen if most governments ditch Fiat in favor of Bitcoin.

With El Salvador, the Central African Republic, and now Brazil favoring Bitcoin as legal tender, it should only be a matter of time before "hyperbitcoinization" becomes a reality. If you hold your BTC up to that point, then you will become filthy rich. Who knows what the future holds for BTC? Just my thoughts

On the other hand, those whales have huge appetites and it is unknown when they will have their bags filled fully. They have been doing since, probably, December 2021 ? Isnt it to long to count price decline as "whales are accumulating as much as possible"? Because they understand they cant get every single Bitcoin on the market. I dont believe this drop is somehow connected with whales, this is just another financial crisis or temporary complicated financial situation on the market.

This actually depends. We don't know how many folks have been holding since $3k and bought it there and even passed the ATH still holding it.

So if there's an urgency that they have to sell at the current price now and it's the reason for them to be in a better situation by doing it. Then we can say that it's not a wrong decision.

But if you've bought those bitcoins at a higher rate and then you're about to sell now, then that's the obvious wrong decision. Not everyone who holds now have bought the peak.

The whales started to act by spreading a lot of analysis saying that bitcoin will continue to fall to its lowest, but should we believe all the analyzes made by them for spread panic?
I don't think so, nowadays many investors or novice traders are smart enough so it's hard for them to believe what the pope is saying right now, indeed bitcoin is currently in a pretty bad phase due to the decisions taken by the FED, but that doesn't mean the situation now  this is the end of bitcoin, Bitcoin has strong fundamentals and so far the price often gets turbulent in the market but is not bitcoin bounce back?