Ok OP how much profit have you got so far?
I bet I made more on the way up then you did on the way down.
This thread reminds me of the ones after the 2013 bubble, and the one before that. The ones made by all the people who bought at the peak, sold at loss, decided to short to get gains back, and ended up getting burned once again because of their stupidity. The whole point here is to get more coins, not fiat.
Right now despair is total, simply because price leads sentiment. But the market will turn upwards in time. And when it does, it will catch the very people who wrongly interpreted following a temporary down trend as correctly reinforcing their bearishness on bitcoin in the longer term. When the trend changes - and it surely will - they will get caught out if they are using leverage.
Just like when it jumped 10% in 30 minutes two weeks ago. The bears were completely absent and silent. The price now is just a tool for the large speculators to game. Why are the largest holders of bitcoin increasing their holdings if 'bitcoin is over'. Why are bitcoin days destroyed not sharply rising? Because this decline is a manipulation of the market designed to generate selling and allow coin redistribution from weak hands to strong hands. Then the show starts all over again. A month or two after it starts, all this will be a blip in the rear view mirror.
COI: long term bitcoin holder, planning to add more at increasing tranches the further we drop.