that one time where the price just falls below $50k is the culprit that makes people afraid.
The one off price is an upset but it would gone and left behind if it were not for being in a sequence of prices. Its the pattern that really makes it dangerous here, since March only in May did we not echo this 50k low in some way. The previous prices were not as harsh, the March low for example was only 60.8k hardly too bad though it was a fall of 13k in just 5 days
If there is a negative trend and each month its got worse, its something bigger then just 50k so that all point to this latest low and that it might continue again in future.
The trick is that it shouldn't fear you but instead it should excite you because that drop was the perfect time to buy and the people who bought there already made like 20%+ profit already, which should show you why it's important to make some profit. I believe that we are going to see some good returns on this if we know what we are doing, and if we buy at the right place at the right time, but if we are not careful then we are going to end up with a bad result and we shouldn't do that.
There isn't really any negative trend, and I do not think that we are going to see lower and lower, we are going to start seeing the bull run soon enough and we just need to keep at investing into this, if we keep doing that then we are going to be fine. We can have big drops at times, that's normal in this market and all we have to do is keep on buying whenever it drops, that way we can do DCA and make a profit quicker later on.
People sleep on DCA but that's literally the best way to make a profit, if you really want to make a profit then you just have to make some money that will be making good enough return without a doubt, you have to actually get a greater result by considering what you can do.