This is the importance of analyzing and researching independently before investing in bitcoin. When we know the pattern of bitcoin after halving, that what is happening to bitcoin now also happened 4 years ago, they will not panic. After halving, the price of bitcoin will definitely go down and then go up to reach the highest price. We just need to be patient until that moment comes.
The panic also occurred because they were consumed by the latest news about global elite policies such as increasing import tariffs and so on. Even though the decline only happened for a moment, because of course it was also a moment for big investors to take advantage of the cheap price and it is proven that bitcoin is currently slowly recovering.
If you are focused on analyzing and doing research always to predict Bitcoin’s price before buying, that means you are not truly an investor but rather a trader. Once your aim is always to analyze and predict Bitcoin’s price before buying, it also means you are likely to sell your Bitcoin when the price goes up and plan to buy back Bitcoin when the price drops again.This approach is the wrong way to invest in Bitcoin because the Bitcoin market may not go as you plan. There are many factors that affect Bitcoin market prices, especially economic factors. For instance, when the economy is bad, it will definitely affect the Bitcoin market price negatively. Bad news or other external factors can also impact Bitcoin prices.Therefore, predicting Bitcoin’s price before buying is not a good idea, as Bitcoin is unpredictable. An investor should focus on consistently accumulating Bitcoin using the Dollar-Cost Averaging (DCA) method.