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.
I think this is the point you'll know the real investors that are out for long-term, what we experienced yesterday is not new in the Bitcoin market so anyone shivering should either be a novice or a trader because traders are the ones that shivers when such happens based on their quest for quick profit, I was discussing with a friend yesterday when the price dropped he said the price will drop further, I look at him and laugh, I laugh because he has been in the said investment for some time now but his statement made me to believe that he's not really coversant with what volatility is, when the price went up to $80k after declining to $73k the same yesterday I have to call his attention to know whether he's aware of the current market status he laughed also and said bro if not for your advise I wouldve withdraw some fractions of Bitcoin from my portfolio when I never planned so. am a believer of what Bitcoin can achieve in the nearest future, all thanks to JayJuanGee for helping me to understand the power DCA and consistency without minding the market status at anytime
I think this is the right time to keep doing what we know how to do better, we can even go aggressive this time since is an opportunity to buy cheaper but most importantly let's not forget to continue our DCA, Bitcoin today and for the future.
I cannot agree less with what you have said so far. It appears to me how the feeling of doubt can come to the mind of investors when they see such price movement in Bitcoin. At times you see true investors want to let down their guard by selling their Bitcoin because they feel the price is about to drop more. I won't blame them and i won't call them traders, it is a feeling, and we humans are made to feel that way especially when it is too extreme. This time around the volatility went too far. People who are just experiencing this kind of movement for the first will surely be tempted, the ability to hold on without shaking yesterday was as a result of experience, and tough understanding which comprises day to day learning. I have learnt from my previous experiences with Bitcoin because there was a time like this years ago when i sold off because of the same incident i won't let that mistake happen again. If we don't learn from our own experience perhaps, we don't have any experiences on it we can as well learn from the experience of JayJuanGee which he has shared here countless times. I was also laughing when i saw so many topics in the speculation board and bitcoin discussion talking about the dip in the price of bitcoin yesterday i knew people panicked a lot when they saw it happen. Some started blaming trump for it as if he was the one controlling the bitcoin price. I do tell people trump has absolutely no power to control the bitcoin price he only makes policies which one or another affects investors in the market that directly affects the price in the market. This is actually a good time like always to buy more bitcoin, if we have more discretionary income we can push them into accumulating more aggressively. Two things may happen in the market from now hence forth either we see a retrace or the dip price dips more. What is very certain is that the price can never remain stagnant, volatility will continue to happen. We should stick to our investment for long that's all we can do.