Today's market certainly makes us stressed, the price of dropping more than 10% and based on the analysis of many experts will drop again below $ 20K, I have also set a purchase price at Coinbase around $ 230 for the price of $ 19500.
Because we are still in a bear market, a 10% drop shouldn't be too surprising or too stressful. But again bitcoin is not dumped, it is still above the 20k support which is a good sign for the market. We may have bottomed out this bear season and bitcoin is not going to drop below $20k anymore.
We are currently at 20.2k and the price you expect is not much different, you should buy now without waiting because if bitcoin really doesn't break 20k resistance then you will miss your chance to buy bitcoin.
It could be very well stressful for majority to see that in the last couple of days the price is really making a good rally. Up from $18 to $22k, and then suddenly you wake us seeng your wallet down by -10%, ouch.
But it is what it what it is, we are very much in the bear season still, and maybe till next year. So if people are going to be stressful, then it will take them years because this bear market will last till 2023, or until the bitcoin block halving. So better cope with it right now.
I think the key here is that you really to know that the crypto is very volatile. Accept that fact and you will be good specially in the long run. But if you think that crypto invested is not riskier then you are wrong and for sure you wll have more sleepless nights because of the bear market. And I'm thinking that crypto investors should really familiarized themselves or get the experience of a full blown bear and bull market.