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.
The dip was massive and for those who understands the market it was opportunity for them to buy Bitcoin. When the price of bitcoin was around $60+ some persons were worried about the price of bitcoin, if it was the right time to buy bitcoin and unexpectedly the price of bitcoin drop that for investors to buy more to hodl. People don't need to be be worried about the fall of Bitcoin, it is either to use the opportunity to buy more or just stay without been panick and keep hodling because the price of bitcoin will still increase . By now the market of bitcoin should be strange to people because volatility will always take place.
The current market may be a lesson for many investors who have been disillusioned by Bitcoin's slight price drop. Two categories of people have benefited from the current market, one is the Bitcoin holder and the other who is continuing DCA. Both hold the bitcoins and both will benefit. Some investors quickly sold their bitcoins, but within a short period of time, bitcoins started to move upwards again. Those who sold at 54K are now counting their losses. Investor should have a long term plan. Profiting from Bitcoin can be much easier if you plan to hold it for a long period of time rather than aiming for a quick profit.
People who sold there Bitcoin when it was on dip really do not understand how the Bitcoin market works and are not investors any body coming into Bitcoin should have the mindset of a long term investment, involving one's self in a short term investment or becoming a Bitcoin trader is very risky, those who sold in the dip were obviously Bitcoin traders.
If anyone is joining Bitcoin investment I will advise you have two sources of income it helps a lot especially when you have a lot of responsibilities and please when you are still single be more aggressive in your Bitcoin accumulation so before you get married you would have accumulated a lot because marriage comes with a lot of responsibilities which may reduce your investment percentage on Bitcoin.
A lot of people that sold even on dip may be out of pressure from family responsibilities and that is why you should be careful the kind of partner you get married to some partners will make sure all your investment are being sold out just to keep up with there lavish lifestyle as an investor you need to marry someone that will support your dream and be able to cut down his or her expenses as not to run you down.
A friend of mine said one should marry what he or she is this means that marry your kind of person if you are the kind of person that always manage his or her expenses marry someone that also those same, check your partner very well before saying I do.
Without a peaceful home is impossible to hodl your Bitcoin investment for a long term and that is why you see some people selling at the dip instead of Accumulating more.
Bitcoin is definitely risky. Keeping that risk in mind, we have to invest in Bitcoin with caution. If we can invest carefully with a plan, we will definitely get a lot of profit from the investment, which will make us more interested in investing in the future. People who are new to investing in Bitcoin may not understand very well by making short term investments due to which they face a lot of losses due to making short term investments so we should always have a long term plan in Bitcoin. Many times it is seen that many investors can't control their patience so patience is very important when it comes to Bitcoin, we must not lose patience, we have to invest patiently. As you said that you can definitely save a lot of bitcoins before you get married but it is true because when you get married you will have a separate expense so you can definitely save a lot of bitcoins before marriage. But if you are bitcoin experienced then surely you can get substantial profit in bitcoin investment at any time if you can invest bitcoin at right time.