This is actually good time to buy. Yesterday the bitcoin price hit lowest for this month and now it will move up steadily.
This is one chaotic situation in which investors want to invest and the ones who already own some portfolios are panicking about the future of their investment. It is actually that curious side of ones mentality and nothing else.
So yeah it is the right and best time to own some good number of potential coins on a low cost and make good long term plans rather than going for short term plans and hence short profit.
Then I suppose there is an ongoing battle between hodlers who want to dump and investors who want to buy. I am full of positive thoughts that the investors will be enticed by the very cheap prices right now. If I were in their shoes, I would also choose to invest when the market is down rather than when it is up. But we all know that not all investors think alike. There are investors who are actually thinking the way the panic dumpers do. So instead of getting in while the prices are cheap, they are staying put feeling afraid.
Yeah right, it will depend how huge the capital of an investors to buy now or maybe they are still waiting for the right time for the price to go more dip then they will sure buy again.