I love this dip here in prices. Bitcoin is looking steady in the 90k's. Right now i think this is a serious buy and accumulation time. Cycles show around 500 days after the halving is peak cycle which is around sep/october of this year. Think we start seeing prices take off right before may/june. Guessing summertime will be a full bull run. Thats what im banking on
The current price of Bitcoin may not be for everyone, but it is a very important time for investors who invest. Investors always want to buy at a low price and invest, maybe it is still a good time to invest because the market is in the current state, the market may not remain in this state for long, the Bitcoin market will definitely grow and exceed the highest height of all time.
What is the reason behind that this current Bitcoin price is not for everyone? I believe that is not everyone that may like to buy at this current price, some may be planing when the price of Bitcoin drop but I will say that is best way to accumulate Bitcoin, instead of waiting for dro before buying why that kind of people just making uses of DCA which will give them opportunities to be buying at different level.if you may decide to wait now still further drop of Bitcoin price, it possible that the price of Bitcoin may not come back to price level you may set of start buying and that is the reason why we are advice to make uses of DCA method for accumulating. The truth is that despite that some set of people are complaining about the high price of bit there are some investors that understand Bitcoin well are using this period to still accumulate.
The problem here is not about buying the dip, the major problem is waiting for the dip especially when you are lagging behind in your accumulation journey or you have no holdings at all, that's where the problem lies.
If you are that Bitcoin Investor that have accumulated Bitcoin over the years and has gotten a very huge stash of Bitcoin, and you are close to the end of your accumulation journey, you may have the luxury of time to be waiting for a dip before buying again, but if you are just starting your accumulation journey or you have not started at all, it would be very unwise to wait for a dip before making a purchase because by doing so, you might miss a whole lot of buying opportunities that would have been utilize properly, and due to it huge potential and the fact that we are still in the early days of Bitcoin, it's still very cheap compared to how much it might get up to in the future, so buying it now regardless of it current price is actually the right thing to do as a Bitcoin investor.