The price of Bitcoin in the last two months have significantly increased and even when we've also experienced some little negative movement in price, there's no doubting the fact that the current price is still a shock to many. Considering the current price and volatility rate of the mother coin, is this a call for more investors to embrace Bitcoin and invest hugely or a time for existing investors to be worried about a possible significant bearish run in the nearest future?
I have been expecting increase in bitcoin price, so when it happened, I wasn’t surprise, and from the look of things, bitcoin price is still going to increase higher. Most people are selling their bitcoin because they think bitcoin us reached the highest price, and will start dumping, but I will say people having that kind of mindset are wrong, bitcoin hasn’t gotten to its highest price, and anyone planning to invest in bitcoin can still do that, I see no reason why investors should be worried, bitcoin price has dropped recently, that’s an opportunity for people to accumulate more bitcoin at cheaper price.
Some people expect Bitcoin volatility while others are afraid. Those who have gained a good idea about bitcoin and who believe in Bitcoin expect Bitcoin to become bearish in order to increase their investment. On the other hand, those who want to profit from Bitcoin in the short term or those who do not have sufficient knowledge start panic selling at a slight decline in Bitcoin, which is why they fail to hold Bitcoin.
Since we have seen a bullish movement in Bitcoin for a long time, it is very logical to be a little bearish. This slight decline in price never indicates a bearish attitude. Moreover, since Bitcoin is gradually becoming more popular with people, there is no chance of its price falling in the future. That is why I think there will be opportunities to get more from it in the future. If Bitcoin accumulation can be done by giving importance to the issue of possibility, that will be the right decision.