Bitcoin (BTC) has been absolutely hammered over the past two days. In fact, some 36 hours ago, it was trading at $10,200; now, the cryptocurrency is sitting snug at $9,500.
I'd just like to say that a drop of $700 over the course of 36 hours doesn't constitute a hammering--not even close. OP, have you been in the bitcoin world long? Have you looked at the 10-year price chart? Bitcoin has had 36 hour periods where the volatility was much greater than this, and in addition as I write this the price is back to about $9800. Gotta keep things in perspective.
As I've written in multiple threads, the overall sentiment is bullish and the trend is upward. What OP described is a dip, and though I generally don't subscribe to the "buy the dips" nonsense, in this case I do think it's a good idea to buy bitcoin below $10k--because I'm pretty sure it's going to go beyond that price pretty soon, and it's a good opportunity for any trader to make some quick money.
Buy at regular intervals would be the best thing to do no matter what happens.
That's actually a pretty good idea as well. Trying to time the market usually doesn't work for people, but dollar cost averaging does have its benefits.