@SuperBitMan, the price of Bitcoin shouldn't be a problem for an old time investor that's invested for about 5 to 10 years cause they should've already been aware of volatility and have encountered several dips and upsurge so I don't think your first statement is clear enough, cause newbies are the ones who should be more worried about any slight dip giving that they're not very familiar with the market and would easily give up holding if there's no motivation from anyone. However, to any investor who falls under such category, here's a motivation for you, Microstrategy a multi billion company and one of the top holders of Bitcoin is thinking of acquiring more rather than selling, and they're considering using $2b of their shares to do that, my point is that if a big company is not frightened by the dip and see that as an opportunity to purchase more then every other investors thinking of long-term should learn and be motivated by that. Well I agree with your next statement that it's a wise decision for one to have a stable source of income before embarking on Bitcoin and the person mustn't be very wealthy to acquire bulk BTC but could embrace the DCA method and invest bit by bit depending on the strength of their income.
in my opinion, with the price of bitcoin that has fallen, it is certainly an opportunity for those who are experienced because they will take advantage of moments like this and maybe for beginners they will experience more worry than those who have long experience in bitcoin investment. besides that, I think those who are experienced may also feel panicked or worried, but maybe those who are experienced already know what to do, meaning they are not at a loss to fix the situation.
besides that, with those who are experienced, I think maybe they will take advantage of this moment by buying more and taking long-term or long-term investments, for those who are still beginners, it is unlikely that they can take long-term or long-term investments. because it requires consistency that is truly maintained.
and this should be seen as an opportunity, for all people involved.
What do you mean?
Largely, in this thread we are talking about long term approaches to investing into bitcoin, so why does it really matter very much if the BTC price goes down a bit rather than up or sideways, especially if our investment timeline is relatively longer rather than shorter. Do you think that great differences happen merely because BTC's price dipped lower than expected? Seems like a BIG so what to me, especially for longer term investors who likely have investment time horizons for 4-10 years or longer.
indeed there are those who say that investing in Bitcoin is better in the long term, in my opinion it is true because even now it has fallen but now it has started to recover by more than 10%. for beginners who have just invested in Bitcoin it is natural for me to panic when they see the price of Bitcoin fall as experienced by my friend at that time without thinking twice immediately selling it even though he was in a loss condition.
4-10 years is not a short time, so in my opinion only a few people can really be consistent in doing it.
..... but with those who have run BTC assets especially with those who experience MC of course this is a bad moment for them. there are advantages and disadvantages in this incident and it cannot be ascertained which one is more happening. ...
What is "MC"?
Holy shit. Any guys who use acronyms should make clear that the acronym is known. Usually the better practice is to say what it is (especially the first time that it is used in a post), unless it is a commonly used and widely known acronym..
MC stands for Margin Call which as far as I know is a notification or request from the perpetrator to an investor to inject additional funds into their margin account. This situation occurs when the value of the investment owned by the investor falls below the minimum level set by the perpetrator, known as the margin requirement. more or less like that, or like those who have BTC assets but have lost everything due to the price drop that has reached their previous capital point.