Is it truly a month of downturn, or is this perception based on anecdotal ?
Although the Bitcoin market is currently dumping, I say there is no reason to panic. Because if your investment is in bitcoin then surely it will be successful at higher level price and aiming more profit.
But if your investment is in other platform then I can't guarantee it, but without doubt bitcoin market will start bull market by the end of 2024 and I expect maximum high price.
Not the worst month though, if we look at the last couple of months, April was almost -15%, and for this month, -9.xx%. So it's not anecdotal as this point, just a day before the end of this month and so we will not see a positive upside and the dump might continue. Just continue what smart investors are doing, just DCA and buy as much as you can. We shouldn't be looking at the short term price, look at the bigger picture as it is the best strategy.
We don't what the market to continue to decline. But if this is what the market is giving to us, then we can't do anything about it by to accept and then adjust our investment strategy by going long and again, accumulate and accumulate.
Even though this is a prediction board and people can feel free to predict the bitcoin price in the short term, but I agree with you that we should still focus on the bigger picture because only that way can we earn big profit from bitcoin. And if we are long-term investors, we should be happy every time we see bitcoin correcting because this is an opportunity to buy cheap bitcoin, not the time to panic.
As an investor, we all know that bitcoin is unpredictable, so to be more proactive in investing, always prepare a backup plan. We cannot force the market to move according to our wishes, instead we need to go with the flow of the market if we do not want to be eliminated.