I feel like it's my obligation to share my 2 cents on current "steep" drop of bitcoin price. I find it absolutely unbelievable when people say how low the price of btc is, speaking of the price at $10k or $11k. Those who have been in this industry long enough to remember the price of btc to be $5 are just shrugging their shoulders short of words.
What I'm trying to say is that those new community members so called "hypers" should stop spreading fud when price goes down and same goes with price growing. Actually growing price of btc is kind of problem as it's starting to miss its original purpose of cheap quick transactions. We need people focusing on real value of this ecosystem rather than moon kids...
Thanks for hearing me, couldn't help myself
Bitcoins price drop is just fine because it only means that the market is giving different investors the opportunity to hoard more coins since bitcoins price is very expensive before in the past months.
This is what we are wishing for to have an opportunity to buy huge volume in cheaper price. It just happened before that it falls then before year ends the price soar up high and we are gained good profit for it. For you not to regret lime happened last year, make sure you have something to hold that will worth something as you wait longer for the price to increase. Just buy what you are afford.
It is right that the price of bitcoin is low these days but this rough situation will not continue for long. Soon we will see bump in the price. Then end of the year in coming and most people put their money in greed that the price will increase only in the last quarter of the year. So they invest in bitcoin to earn big profits. But I think this time they will have to wait for long time to make profits from their investment.