For our fellow plebs who have not accumulated fully yet, hopefully they get a deeper correction because it would be good for them. More units of Bitcoin will be purchased for the same amount of fiat.
But for my own selfish reasons - Yes, I don't want a deeper correction.
But for my own selfish reasons - Yes, I don't want a deeper correction.
In summary, sure it is possible that BTC prices might dip more from here, yet they might not... so any low coiners or no coiners should be focusing on buying bitcoin persistently, consistently, regularly, ongoingly and perhaps even aggressively, whether or not there might be further dips from here (currently in the last 4-5 hours bouncing in the lower $106ks).
During the current state of the market, I believe they may not have a choice. Although I would suggest they accumulate conservatively. It isn't the early 2023 phase of the market anymore. Plus personally, I will never do what I did during 2021 again when I suggested to friends and family that they invest aggressively with a large portion of their savings.
NEVER NEVER NEVER AGAIN.
Seems like you are suggesting a super risky decision for your friends before and its not really advisable to do so especially if they really don't have knowledge on how deal with Bitcoin.
I was simply too bullish, and I truly thought Bitcoin would never crash down below $50,000 again during 2021.
It was a VERY MASSIVE MISTAKE to have that sort of hubris, and that overconfidence.
NEVER AGAIN. Although I truly hope we would never see Bitcoin crash below $100,000 again.
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There's a chance that they might easily got affected on a series of volatile movement that's why I will not also suggest to anyone to invest large portion of their savings especially if this is their first attempt investing on Bitcoin. Maybe they should start slow since somehow they are learning and they could just add the size once they already get lots of knowledge about what they are doing and also aware about what risk they might face since with this I guess they are ready for whatever upgrade they want to happen on their Bitcoin investment.
What's important is they start even in slow phase since everything would provably follow especially if they became a experience investor later on.
I don't know what they should do, nor do I care. Haha. But personally, if I was starting today, I would rather wait than FOMO.