ok you say its going down.. as if there is a magic number high up where bitcoin should be at.. sustainably..
i dare you to tell me this

i know you personally probably want $30k-$40k.. because with all investors they all want to "double my money please" so they shout out a hope number of what they think bitcoin should be at . because thats their exit price they want to leave the asset... but that hope number is not the whole market number of real value. its the speculation random number pick of the week.
some that bought in at $50k wanted their hope number of a $100k to appear soon after..

as for choosing a number that has hit in the past as the "value number"
bitcoins value and sustainable level is NOT the all time high.

the speculative market of an all time high is its PREMIUM. where no one wants to buy it any more. at that precise day

fish do not live at the tip of a tsunami wave.. they live at sea level

cattle do not live at the top of an erupting volcano. they live at ground level

bitcoins value and sustained store of value is at the ground level

if you loon at the periodic ground level of the fundementals of bitcoin cycles (halving events(4 years)) you notice the lows of 2022 are higher then the lows of 2018
or more precisely 2022 ground level low is higher then 2016 low which was higher than 2012 low

the correction from a temporary tsunami,volcanic eruptions. is just that the correction back to value.

we are currently testing new ground at a ground level thats higher than previous ground/sea level.
each cycle/periodically the groundsea level rises.

yes enjoy the waves and eruptions. just dont try living up there. ride the waves and quakes. just dont get burned or drowned at the tops

be happy that the sea/ground is alive and levels up periodically.

There have been a lot of speculations and predictions about the price of Bitcoin in this bear market season. Most of them a based on assumptions and not backed by facts. Elon Musk's comments are irrelevant because he is not a true Bitcoin believer. Bitcoin has passed the stage where tweets or comments from celebrates like Musk would have a meaningful impact on its price. Bitcoin is gradually becoming independent from external forces. Like you rightly said, our responsibility as true believers of this great cryptocurrency is to keep hodling until we come to the end of this challenging period. If I have extra money, I would take advantage of the low price and invest more on Bitcoin.    

....or it could continue down. Save your money by selling instead.

Let's stop using Elon Musk as a reference to the situation of the market. Yes, his words sometimes are relevant but the obvious thing is that we're in a bear market and the situation isn't really good when it comes to these times. And bitcoin has been told hundred times that it's dead and that doesn't make sense because it recovers no matter how harsh the words are that we see from celebrities, bearish popular people, and the media. It ain't dying and just wait a couple of years and everyone will see how it surpasses back to its former all-time high.

Kinda got lost in the Elon Musk twitter mix, but do you really think we all "save Bitcoin" simply by holding it?

Spenders are the real unsung heroes. Giving and proving Bitcoin's everlasting use as a payment method. Yeah, it's a store of value, but the truth of that only holds in the long term. Which is fine and great, but many other shitcoins tried that and failed, because zero utility backing that holding simply doesn't work.

No one knows on where it would be heading and no one really knows on what the future looks like.If you do really have trust towards Bitcoin then it would really be your choice whether you would be risking on accumulating it or you would really be just skipping it because you are just afraid?
Bitcoin had died many times already but eventually we are still here and currently up and running.It wont die as long it does have the support on which it could really still make out
those recovery.
This is where risk taking would take place on which it will vary on each person because not all could really be able to take risk on such manner specially if they are
really that seeing or experience long crypto winter.This is a matter of choice and a matter of on how much you do believe on it.
There's no assurance about tomorrow but we arent blind on not to see its potential.

Relax, people are not going to understand no matter what you say, the chickens are going to go out of the market for sure, and only then there is going to be an actual boom in the market till then we are going to struggle in these areas only, and these chickens will then come back when we are at the all-time high to say that we sold at this much otherwise we would have become this much rich. It requires really big guts to go through the crypto winter, not because prices can go very low, but because they can stay low for pretty long and much longer than what you expect.

Lol I find it funny that this is even a valid topic. How does the current price of bitcoin determine if bitcoin is dying or not? Bitcoin is a volatile currency, the price has never been stable. There have been worse bearish seasons in the past and we recovered from it and went up to 60k$. No one was making such comments when the market was high, check the wall observer thread we were all anticipating bitcoin at 100k$. That didn’t happen, we still believe it will happen though.

This might not be updated but how many times where Bitcoin told to be dead?
https://99bitcoins.com/bitcoin-obituaries/

From Bitcoin Obituaries - "Bitcoin is Dead" Declared 400+ Times

People would normally be saying up these lines when on extreme doubt and fear basing up on what
they are currently experiencing.So its not something new imho.

Of course it isn't dying. But every time bitcoin starts to drop, people start saying that bitcoin is dead. It is those same people who never invested in bitcoin or those who invested in bitcoin to get rich over night but ended up selling at loss. And then there are people that had the opportunity to invest but didn't and now they like to spread FUDs out of bitterness and spite. Bear market isn't something new. Keep holding and invest as much as you can during the bear market and you won't regret a thing!