The current decline is very deep, I didn't expect it to be as drastic as it is now, currently the price of Bitcoin has fallen to 54k and I think if we wait for the price spike it will take a little longer.
And for those who buy and keep it for a long period of time/invest for the future, of course during a drastic decline like this is a pretty good time to buy as much as possible.
Even though the price of Bitcoin is currently slightly down, you should be in a buying trend because the bull run is imminent. You should make the most of these dips and buy more bitcoin as you see your investment stronger. You keep increasing the amount of bitcoin stack that can fetch higher value in the future. Basically, you can increase the size of your Bitcoin portfolio through proper timing. Lots of buying and holding on dips.
Based on existing data on coingecko, the price of bitcoin has fallen by 3% in 24 hours (as I write), while the decline has reached 6.4% in 7 days, 11.5% in 14 days and 20.2% in 30 days. How can you describe it as a slight down? For me, this is quite a big down, especially in the last 30 days where you have lost 20% of your total asset value due to the decline compared to the previous 30 days.
Maybe it's not your problem to know whether the person you are advising has the budget to carry out accumulation or not, but what is certain is that accumulation in current market conditions is recommended, especially for those who are able to do it. Rebuilding the portfolio by accumulating more bitcoin is a good advice, but it should only be done by those who have the budget and believe in the recovery potential in the long term.