As you might know, the price of bitcoin reached its lower point since last month.
Should those who want to buy more do it now or do you believe we'll see the bitcoin price get down a little more?
Some here were talking about rumours of BTC being purchased from Saudi Arabia, but well, that's just a rumour.
But people tend to panic and sell, so this might be the best moment to buy as much btc as possible. What do you think?
We've had several discussions about this type of questions and opinions times without number here. It doesn't change anything because you'll keep on getting similar answers and suggestions. There's no specific perfect time to buy bitcoin other than when you have the means to buy. Anytime you have money to invest is the best time for you to buy regardless of the price. Some few months back, Bitcoin dropped to around $16,$17k and less but guess what, some folks still did not buy at then. I don't know if they are waiting for the price to drop to $0 or cent dollar before they could buy. If you plan to invest in Bitcoin, waiting for a decrease in price might make you wait longer. Seize every slight opportunity to accumulate more bitcoin as you can and hold.
It is better to be skeptical about Bitcoin like I am.
The price might increase or might decrease we don't know but all the signs and events are currently giving positive signs. first ETF got approved. and next coming halving.
so the price increase chance are higher than decrease.
Skeptical you mean? Why invest in something that you have no confidence or faith in? People that are still skeptical about bitcoin price should probably look for another thing to invest in. Bitcoin has been here for over a decade and the risk involved are not longer strange to investors again. I know we can not predict it future but at least, we have seen it past and we can assume the future. Worrying over this temporary downtrend is a lack of faith. After all, this is not the lowest we have seen and it always bounce back.