the thing about bitcoin's demand is that most people who happen to also be silent investors with wise money, they don't care about these short term dramas that bitcoin has. they know the facts and that is enough for them to invest. facts such as the scarcity of bitcoin due to its limited supply. the fact that bitcoin is a decentralized currency that nobody can control and will give them effectively freedom over their finances. and a lot more.
so when there is a dip like this, they happily increase their shares of this limited supply currency. and guess what in a couple of years people will call it "unfair" that they have more bitcoin than them just like they are calling those who were buying at $10 "unfair" right now.
I'm not sure what you mean by it being decentralized. In theory, it was decentralized. However, when the market is able to be manipulated by bots it's not decentralized. It's able to be controlled by people who own the most. Take the top 100 holders of bitcoin, they own approx. 40% of the entire market!
I understand you're excited about BTC and like you, I'm excited about the crypocurrency idea. I would be far more excited to invest in BTC if the team driving the development of BTC would actually fix the bigger issues we still see with it - transaction fees! At it's current state, it's simply NOT a viable means of making purchases. transactions take far too long, and cost WAY too much. Beyond that, what is BTC really worth? If you can't use it other than buying and selling on an exchange... what's it good for? How can it command it's current value? In my humble opinion, it doesn't. At least not until these issues are addressed.
