Lots of big players have been scooping up this recent discount given to us by the German Government & MtGox FUD. Yesterday ETF inflows were positive, I think the current downtrend will be over soon & we’ll start ti rip upwards, patience is key here.
First time in my Bitcoin journey I'm feeling excited about a dip rather than being agitated. Now I understand the saying that "when you know better, you do better" because knowing about the DCA method and the importance of thinking long term changed everything for me. Now I'm happy that we had this dip and I made good use of it to increase my Bitcoin when others were crying and panicking.
If the dip can continue till ending of next month, I will even like it the more because it is to my advantage to meet my Bitcoin accumulation objectives.
It somehow give me sad feeling its because we didn't see bitcoin to surpass at $80k price but still happy for the fact that there is a great opportunity for those people to start especially those saying that they are waiting for the dip to come before they enter. And know they don't have any excuse because what they want now already came. But if they came to the point that after this dump came then they are start to have a doubt because they afraid for the current bearish situation then provably they might be a total loser for that no stance on what they have said earlier.
For sure once bitcoin price recover those people got scared of the situation would provably say that they waste a opportunity to buy when bitcoin price touch at $56k price level. But if they are really want to invest on bitcoin then much better for them to start now. Don't doubt about the dump and start right away since there would be a lot of disturbance or distractions if they wait for that scenario to happen. We don't know when this dump to end but what's important is we didn't cut off our accumulation because we afraid of more possible dumps.