Current situation, all crypto has been dumped hard 70% to 95%, and all this crypto in the support area and oversold. So its times to buy it and hold in medium term until the price going to the top price again. Dont make the same mistake and avoid FOMO and greedy.
The current status indeed was nothings new price has not surges from previous months. Good to have btc while price was low. Hold until we see a rising ahead on btc price.
Currently, price shows the same low market as it has been going on since the beginning of this year so situations are not changes yet and still we have price in 6k figure. The current price is 6390 US dollar and one can start buying coins as much as he can because this is low price availability if you even noticed previous price movements of Bitcoin; the highest price and normal price, you will see that current time is best to buy.
Well this situations has its drawbacks. But If you're looking at the big picture, the price is really cheap and its a good buying point. If you're a long term investors then this is the right time for you to make your moved and purchased a lot of coins. On the contrary, the slow movement as well might be a good time to spend our coins as much as possible, sort of using it as a online payment options if applicable.
There is no doubt, and most especially, that is a drawback we can basically understand will only end up affecting those who actually bought at the peak. However, it is something that is normal, it is a correction and it is healthy. While some people may be seeing it as a drawback, some may be seeing it as actually a set up for the long term and taking the time to accumulate now since they so much believe in the long term potentials of the market which I believe that is what those who are smart should basically be seeing at the moment. Over time, I believe we will get to see some level of mainstream adoption and that is one thing that would make this market boom.