With the holidays being here I don’t think people have a lot of dry powder to throw at the market right now.
That's the situation I've found myself lately. I have been monitoring the price movement, even when it dropped down to $92K few hours ago, but just couldn't do anything because the dry powder on me now might come in handy later or before the week runs out. Still looking for alternatives though, because this moment looks pretty perfect, and might not present itself again.
It does seem like a possibility that this could be the last chance you will get to buy Bitcoin below $100,000 for possibly several years.
It does smells like a last opportunity thing.
So do not be afraid of the dump, even see it as an opportunity to buy. The best time to buy in the dip is now, and those who do not take advantage of this opportunity, and stay away from Bitcoin because of this dump, will actually lose the opportunity to profit in the future.
I am never afraid of this kind of dump, I prefer to buy more at this time.
The problem is never being afraid of the recent decline in price, but the problem is not having something to throwing in. Though, we can never know the perfect time to get in, but I feel I've made my moves too early in the beginning of the week. Still following my strategy though, but damn, what an opportunity that would have make a perfect sense to be part of.