Currently the dip is going on, so we shouldn't be researching prices, we should be hoarding bitcoins. Because if we accumulate bitcoins now, we will benefit later because if we accumulate bitcoins now, we will be able to accumulate more bitcoins later. We will only think about how to accumulate bitcoins, because the price that bitcoins are now is what it was in the past.
So the Bitcoin price won't bother us, and we won't be bothered by it either. Because the price of Bitcoin will hit even higher levels in the future, it is most important for us to accumulate Bitcoins and plan long-term holdings.
What we have been experiencing is a temporal dip but as it stands now their has been improvement in the price and thats a good sign of a rekindled hope, I think as a bitcoiner once we notice things like this, we should see it as the best time to buy, fluctuation and volatility is a Bitcoin thing, those are what Bitcoin is made of and the continues existence of Bitcoin depends on those characteristics, so the best approach to take as a bitcoiner is to buy the little you can always irrespective of the market situation, Bitcoin market is much more unpredictable so at all time we should be smart to buy, from late last year till now the market has been in such a way that once it drops in the next few days or weeks it will rise, I think this should tell us that something is fishy and soon we will get to know the good news, as for me I always know that Bitcoin investment is a continuous process thats profitable in the long-term as such missing a moment is not an option for me and as far as I can afford little I will continue doing the needful.
Did the price dips of last week shake your confidence level? Hahah! Remember Bitcoin is a long-term play. It is completely normal to feel uneasy because the price went down a little. When it goes down like that doesn't mean it won't return up, volatility is the personal assistance to Bitcoin and that shouldn't bother us by now. What we should be concerned about is making use of every buying opportunity that comes up. The drop in price last week was a good opportunity to buy more Bitcoin. Missing a buying opportunity is like skipping a free slice of pizza at a family gathering. But not the end of the gathering. Please do not dare lose hope, continue stacking, and sit tight to take soon to 100k and beyond. Ask yourself once more, what are you long term targets for your Bitcoin investment? Focusing on those goals will help you keep your faith and hope during price fluctuation.
We all know that we are still in the early days of Bitcoin, so the potential is extremely high, we knows that in 5 - 10 year time from now, it might even do 5x to 10x, so what's the point monitoring the price chart? So the best for now is to try to accumulate more Bitcoin as much as possible, because when you have a very good stash of Bitcoin in your possession, that is what gives you the capacity to build a generational wealth overtime.
Whether we're still in the early days of Bitcoin metaphorically depends on what each investors consider to be an early stage. Yes, I will agree with you that the technology is still growing, and adoption is still increasing every day with room to accommodate more persons comparing it to traditional finance it is so early. This is not the end of the price as we believe it will be greater in the future so anyone accumulating now is still early and every buying opportunity is a good and early opportunity for every investor.
Whether we're still in the early days of Bitcoin metaphorically depends on what aspect of Bitcoin you're considering.