Ofcourse everybody gets a little anxious with this correction. But let's be honest, we needed a correction in this bullish market in the past two weeks.
Why is it time to buy?
- The weak hands are out and many 'stop-limit' orders have been triggered.
- The earlier corrections also were about 30 to 50% without any big news. Perhaps you remember the 5k was reached and it dropped back to 3k? And last month almost 8k was reached and it pulled back to around 5k?
- I'm pretty sure that the 10k barrier wouldn't be broken.
So if you can get your hands on some btc between 10-11k, I suggest you do it.
I think it is not the right time to buy a bitcoin because the price of bitcoin is too expensive. I think just wait for a while and watch the flow of the price carefully.
Every time is good to buy bitcoin when you have the capital because there is no specific on the calendar when bitcoin price is going to drop for you to buy at lower price. Waiting for bitcoin price to drop before buying is a mistake. what if the price continue going up instead coming down?