Am not surprised that the price has dropped drastically within 24 hours and so have so many investors rather i am excited because bitcoin had gave me a better opportunity to buy at a cheaper price than I expected. Since i am dcaing i don't really care about the price which i would have bought at 72k but buying at 62k. What a difference, has helped me gain more like am buying at the dip. This is one good opportunity for new investor so that before the next ATH they would be glad they had bought below the previous ATH
Exactly, deep down I didn't wanted bitcoin to hit $80k fast before the halving, so that would be able to purchase more as the price still which will give me some good quantities than buying when the price high.
Historically speaking there is always a dip before halving and then new ATH. Like I said before we can't see the green weeks forever, irrespective that we have endured several years sleeping on the red candle as an investor. Indirectly buddy you tried to time the market waiting for the price to go down so that you will buy at a cheaper. Luckily for you, it worked but what if it didn't?
https://www.talkimg.com/images/2024/03/20/JjKld.pngWhy not? isn't a good thing for the crypto market if bitcoin were able to hit $80k faster? I mean, If you truly been DCAing since, you won't gonna be worried whether bitcoin pulls back a little bit to make another buy or not. It is true that every bitcoin correction could be a good opportunity to buy more, but everyone who have been DCAing might as well be ready during bull market and not gonna be worried or FOMO because they have been too ready for it to happen. So, people who've made a good bag only wish nothing but for bitcoin to hit 6 digit mark the sooner the better.
We all know that when bitcoin halving comes it's gonna be a good time to reap what we sow at some point during bullrun, so I assume you've made enough bag while DCAing, but nevertheless, $62k at current price is still somehow a good buy as well.
When it was 72k and now at 62k or 61k. It has been a good time to buy Bitcoin. We are likely to see predictable corrections where the price drops before continuing to go up. It is in Bitcoin's nature to not just move so smoothly and consistently hence retaining its reputation for being volatile. So, we should not expect Bitcoin to go straight to the moon instead we should be expecting to see curved candles that we may think the forward movement is over. Long-term investors are not concerned about what is happening now only the weak hands are being threatened by the current market state most of them will lose confidence and sell while some will resist the temptation, it is a personal choice to choose which we will fall under.
