Bitcoin at the present time resembles as a bubble.Once it goes up, it immediately pops out. It is normal that the price of bitcoin gets down but it's been a long time since it is on its original value or higher than its real value. Those who invest these past few months are suffering a lot of loaaes and they are losing hope that bitcoin will continue to drastically decrease in value. Do you have guys some advice for me? It will be really appreciated and I will be eternal grateful.
It's so early to say so. It's just a quarter past the ATH period. People feel so because price is always falling during this quarter. Time is longer when you're impatient. Some people think it will take at least a year for bitcoin to recover its price. So, be patient man.
I think that bitcoin is currently in the adjustment period where you can observe that the fluctuation is normal this time and by the time there is an increase, it has not yet surpass the $8K mark. However, I believe bitcoin will continue to last for many years and would further increase the price value in the coming years to come. This year could probably a start of a relevant increase in the last quarter of the year just like what happened in the last year where it almost reached at $20K USD mark. So, let us wait for the time being for the expected growth to happen within the coming months.