With the sudden fall of Bitcoin price at this early stage of this very month of August, do we even have to see something new as in terms of getting a new price? From $69k back down to $50k as the current price, the market price was a bit strong in heading towards the $70k which was the resistance for the better part of 2-3 months ago now we have been trying to see it get to that amount or even get past it but nothing relatively positive has happened to meet up to that amount and now we have it at $50k which is not in anyway trying to go up, who's going to complain more, old investors who has been hoping for the price to continue going up or the new ones that just saw it getting to $70k and all of a sudden it went back to $50k?
New investors should be happy with the current dip because it is an opportunity for them to accumulate more bitcoin at a cheaper rate. Buying regular with DCA is the best because at times like this you will not be left out to benefit from the dip and I don't think that any new investor should worry about bitcoin dipping to $50k because that should not be his concern. His concern is to continue accumulating and building his bitcoin portfolio towards his bitcoin target with his ongoing DCA consistently and persistently because he is on a long term investment and bitcoin will surely recover and even go higher above $100k in 4 years time.
So this is a good price and time to take advantage of the market instead of panicking. Old investors are already used to bitcoin price movement and it is a norm to them to continue hodli without fear because many of them are already into good profit due to the compounding effect of their bitcoin portfolio. But the truth is that nobody loves to see the value of his investment down due to market dip.