Bitcoin price has dropped below $20k from the recent high of $25k in mid February. Personally I have no problem with this fluctuation because compared to altcoins and taking the bear market into consideration, Bitcoin is still reliable and the volatility is pretty reasonable. For new potential investors, is this still a good time to invest in Bitcoin ? What do you think of the recent drop of Bitcoin price ? Please share your views.
It's still good to invest when the price has dropped like what we are seeing today and you need to remember that it's not like other cryptocurrencies which might not recover after their price has dropped because of multiple negative reasons. In bitcoins, we don't have that scenario and when you are willing to wait and patient enough to wait for the next bull runs, you will surely going to be happy and your sacrifice will automatically pay off. That's just how good bitcoin investment is, and if only they wait long enough, they could have seen the price rise up to $30k+ but some people are in rush, that's why the price has suddenly dropped these past few days.