Quote from: Henrobakkara on March 16, 2023, 06:21:59 PM

Quote from: FireDAOJackie_Z on March 10, 2023, 09:17:08 AM

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.

Bitcoin fell to as low as around $15k and people were still asking this question if it was the right time to buy Bitcoin. Even if Bitcoin were to fall to $5k or below, I believe instead of people to massively buy they will be questioning if Bitcoin is Dead. Price fluctuation or volatility is normal in the Bitcoin market and even new investors should take advantage of this current price if they really want to invest.

Price volatility is normal but within a short run, most people tend to focus on the latest price change. Let's say, $15k surging to $25k may not be a huge leap in the long term for Bitcoin but for any investors, if you bought Bitcoins at $15k yesterday and two weeks later the price became $25k, that would mean a high return from the investment. If the price was the other way around, that would be a huge loss. So everything is situational and it is not weird every time people ask the same question because no one can predict the market tomorrow.