Bitcoin price dropped a lot today, but pumped up a bit again. Currently the market is very volatile, so many may panic and decide to sell Bitcoin. Maybe many panicked and sold bitcoins. Now those who will decide to sell bitcoins after getting disappointed in this decline, are not really real investors. Those who are real investors will never panic at this decline, instead they will see this decline as an opportunity to buy dips. I am not disappointed with this decline, I will continue to try to buy more.
Well anyone who witnessed when bitcoin dropped to $16k few years ago won't even bother with this price drop. You know my mentality about bitcoin totally changed after that incident. For bitcoin to rise back and hit another new ATH, has really shown me that bitcoin has come to stay and no matter what we see in the market in terms of prices drops and markets corrections are just temporary. You are never at loss in bitcoin investment unless you sell off your bag. You ain't feeding your bitcoin, just hold it in your wallet and go about your daily business and let bitcoin take care of itself.
bitcoin has over the years proven itself to be able to recover from price decline, a correction like this one is not unexpected for bitcoin as it has happened alot in the past, the price will go back up, its higher now than it was yesterday and even if it drops even lower, the chances of it going back up are very high, people should be afraid of the price decline, it a part of the bitcoin cycle that's has happened before, investors should rest assured, though investment success is not 100% guaranteed, patience and consistency will lead to success.
Dip is setting up nicely , so get ready for it.
soon to go under 80k
Prepare extra money to buy during the Dip because it's now.
It seems that the bearmarket will come sooner than expected bullrun --- but in this dip we will own more BTC as the price continues to fall.
Just don't panic if you're an investor - it's time to buy more.
In a situation like this, I think it would be better if we combine several purchase methods at once, such as DCA and Lump sum. Because of course it would be a shame if when the bitcoin price is sluggish, we don't buy much. But of course, to use the multiple purchase strategy, we need more cold money. So maybe if you have a small cold fund, I think you should still do DCA, because don't push yourself too hard (like borrowing money). But for investors who have quite a lot of cold funds, I think now is the time to buy bitcoin to the maximum. Because that way, you will definitely get a little more bitcoin. And you are right at this time the bitcoin price is down like it is now, bitcoin investors should never panic at all. Because times like this are a golden opportunity for us to increase our bitcoin portfolio so that it is more. So stay enthusiastic to continue buying and HODLing bitcoin.
If this can be considered as a dip, then we can combine buying the dip, DCA and lump sum purchase in our investment plans, this depends on whether we can afford it financially, anyone with reserved fund can pour it into his bitcoin investment also and accumulate at a much higher speed than usual, investors shouldn't feel discouraged buy the current price shift, its a temporary correction and bitcoin will hit a new ATH to the shock of everyone bad mouthing it right now.