The motivational speeches here make me laugh.
You bought a lottery ticket. You had way more chances to win than with any other lotery, & the ticket was also expensive.
Tech doesn't matter, you were counting on mass adoption, everyone to agree that "yes, this is the new gold".
Could have worked! It had pretty strong chances, but it didn't. Those who are still singing that it's gonna come back, will have to explain WHO is gonna make it come back. Institutional money? Well perhaps, that's what everyone expects, but you're taking a high risk. But then what? Those will only push the price a little, you will need idiots to buy at the top again. And those idiots all came a month ago. And they either lost their money & will never touch crypto again, or they are holding, and if the price ever reaches their entry price again, they will get their investment back & never touch crypto again.
Dollar-cost-averagers who also believe in the market will probably keep doing that, but it's not gonna push the market the same way, that's for sure.
So, who else?
Perhaps, in a few months/years once the crash has been forgotten, and some ICOs end up turning into concrete, useful stuff, perhaps people will look back at crypto, but will invest wisely, probably not in BTC.
Or perhaps a new batch of idiots will buy again, assuming wall street gets allowed to sell crypto, and are marketing geniuses. If that happens the bubble will pop again, higher this time, and it's gonna make more damages.
What's funny is that, while I was looking BTC grow since its infancy, even though I wouldn't have put a penny on it, I eventually did after mid-2017, when the craze started. Not long after my value had dropped by like 40%, after the Chinese ban. And I saw how the market recovered from that, and that's actually what motivated me to invest more, seeing that yes it could crash hard, but also get back hard.
But this is different, it's not the Chinese leaving to later come back from another door. Sure, even long-investors are selling to buy-back lower, but they aren't the mass who have pushed the price so high. That mass is lost. And hopes are lost. Just gather the positive points from around november, to now. It's those points that push the price so high, each of these points is now invalid. Bitcoin futures, forks, money-making, nope, forget that. What news do you count on? Lightning network? A second run of "it's over 9000" motivational memes? Not enough, and too late.
Personally, I've extracted my initial investment, and kept a few tickets, because "who knows?".
Also make sure you have tickets for everything, because BTC is one of the worst in crypto, as for investment. It's not a share, isn't sharing profits, its only value was money-making. There are other stuff that are gonna
-generate profits (decentralized gambling, gaming asset sharing, etc), and might have a coin buy-back plan
-power apps (you take a risk if you don't pick all the possible winners. ETH or NEO?)
-what else?