Hi I have been toying with the idea of investing in BTC but have waited due to some investors saying the price will drop to 12 - 16k again. do you think it could still drop to this or are we more likely to move on up to 40k?
thanks in advance.
Instead of getting idea from different member you should go for to start accumulating Bitcoin at every dip through DCA, because still it's too low from his previous All Time High which is around 69k and everyone know that in 2024 halving will occur which has always really big impact on price and according to BTC history after each and every halving it break his ATH and move toward his new ATH.
So the point is that every long term BTC holder get profit no matter at which price he got Bitcoin(Suppose below 30k), because after next halving it will not allow you an opportunity to buy below 30k.