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.
Anyone that takes because of the recent dip that happens and sells his bitcoin, the person was never investing in bitcoin for the long term; the person was only chasing after short-term profit, but the person was caught with a sudden dip, and the person had no choice but to sell his bitcoin to avoid any further loss because the person cannot afford to hold bitcoin for the long term. The dip will never make real investors sell their bitcoin at a loss because they are used to it, and before they started investing in bitcoin, they knew bitcoin was volatile in nature and a dip could happen from time to time. With the opportunity that the market has represented to them, their concern will be how they will buy more bitcoin cheaply and not sell it cheaply.
It is very annoying to know that people know the truth, but they only want to prolong every conversation to justify what they intend to do. Bd officer understands what it is to buy for a long term and short term, he also understands that the current dip is only part of bitcoins nature to fluctuate surely it will bounce back. From the chart it clearly shows that bitcoin will retrace upward to break its new ATH. For someone who really don't know this thing it is different but when we know all this and act stubborn will surely fail prey. It is better not to take some risk than to risk that are not basically worth it. This time is not a time to sell off neither has there ever been a time when it is better to sell off your bitcoin because of price volatility. However, people will love to do what they have in mind but let them do it without looking for words out of others. Trying to make things look good on the surface while in the bottom its actually the wrong approach, those ways can lead someone who is just getting started into thinking it is the right way to invest in Bitcoin. Buying on dips is a sensible approach for every investor, it doesn't stop you from buying through any other strategy you are using to accumulate. For someone with the mindset of buying on dip then selling when the price starts going back up, he is obviously settling as a trader only disguising to be an investor. For instance, as of yesterday the price was at 76k now today it is at 83k. Looking at how much you will gain if you enter yesterday and sold today might be tempting but only a trader will fall for it. The price always get better as years goes by. Like i do tell my friends, you only get the best from Bitcoin when you give it the time it deserves. We are at more advantage when we buy at the dip and hold till 6 to 10 years, imagine taking every opportunity with our reserve funds what will be the value of Bitcoin then. Our profit in the future is relative to how much we can invest today so we should stick to investing rather than thinking of how to take advantage of the dip for short gains.