This is the biggest opportunity for anyone to buy BTC. BTC has an inflation rate lower than gold and it will continue to drop after the next halving and future halvings. I am forever grateful to be in this space. I am a step ahead.
The price of bitcoin dropped from $69,000 to $16,000. This is a very strong drop in the price of bitcoin.
However, are there any fundamental reasons for the fall in the price of the first cryptocurrency?
Certainly, there are some reasons...
Recently, the pressure of state regulators on cryptocurrencies (and bitcoin, in particular) has increased. There are accusations against Bitcoin that the impact of its mining on the global ecology is negative.
However, such accusations are largely manipulative in nature. Bitcoin is a very promising financial asset. This decentralized protocol for the transfer of value in the virtual space is of great fundamental importance for all of humanity.
Therefore, in the long term, the price of Bitcoin will rise. Right now, in my opinion, is a good time to invest in Bitcoin.
As you have noted, it is absolutely the right thing to do by buying an holding. This is a bear market which no one knows when it will be over. From what you have said, there is likely some reality in them. This bear market was actually or likely as a result of the clamp down on Miners at first with the impression that Bitcoin mining has a negative side effects on the environment and climate which in the real sense they are anti Bitcoin trying to stop Bitcoin by all means. Not only that the government ban on regulations are another side effects on Bitcoin those countries affected were forced to selloff and it drastically affected the price of Bitcoin too. I strongly believe that the Government's are very much afraid and would want to at any length control the system under the guise of regulations which seems difficult for them. They are loosing grip of the masses which is a big night mare to them.
The more they act the more it affects the market the more strong hands bag more of it. As a smart investor this is the right time to bag more and do not forget to use or invest with funds you can afford to loose.