What would cause bitcoin to drop 30% or more?
Presently we can't point to the problem that causes Bitcoin to fail and even though the entire cryptocurrency market is on a red trend right now we can't point to which limit is going to be the last that Bitcoin will dip to and what the right price to buy the dip is.
But what is also important is that bitcoin is going to recover in its price so if you want to buy the dip, just use the amount of money you can afford to put aside for a long period since we don't know how dip those current red market will go.
Although many investors are generally upset by the recent decline in Bitcoin, those who are prudent or have a good understanding of the market want to see this dump as an opportunity. There are some buyers who are waiting to buy from the dip. If an investor invests in Bitcoin with the intention of holding it for the long term, this recent dump is not a problem for him, but if he can accumulate Bitcoin at some low price in this dip market, then this is the best time for him.
It is not possible to predict at what level the price of Bitcoin will stop in the recent period, but it can also bounce back at any time. Therefore, it is important to increase the focus on buying Bitcoin regularly without getting upset about the market as much as possible.