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.
When the price is down and we are doing the DCA strategy then this is what we want where we can buy more bitcoins with the dollars that are input for bitcoins then with the current market situation the amount we get will be more than the purchase a few months ago.
I don't have a problem with the decline, it's just happy that some of them may panic because they see the portfolio that continues to decline if we don't take profits now then don't worry we must focus on continuing DCA all the time so that the accumulation continues without any obstacles.
We can grab a lot more volume when that cases and that's more beneficial for us investors who do DCA. That's why this is the beauty of the dump that those people who doubt need to look for since if they continue to accumulate despite of the declined movement of the price of bitcoin then for sure that they can accumulate more volume than avoiding it because they afraid for another rounds of dump.
Don't see any big problems with the current decline we experience since for long term investors for sure they would take it as normal thing happened on bitcoin cycle. What I don't like to see is there are lots of people getting panic for what they see then majority of them especially those who do short trades just decide to dump because they don't want to lose more money. If they could just realize that there more good possibilities to gain for holding then for sure that getting stressed from market cycle will not gonna happen to them.