But due to the ongoing war in the current world, the price of Bitcoin may decrease a little more. However, there is nothing to be afraid of in this price decrease. Bitcoin has a special feature of price fluctuations. A bear market will be very happy news for holders like us. Since the price of BTC has reached 99 thousand today, I think investors have got a special opportunity.
Maybe the market went down a bit due to the attack on nuclear facilities in Iran from the USA. But we don't know the exact facts but many believe that the market went down a bit due to Trump's attack on Iran's nuclear facilities, yesterday the price of Bitcoin fell from $100k plus to $98k. But today the price of Bitcoin is $100k plus. So one should be disappointed by this type of dumping because this dumping is never long lasting. I believe people who have long-term plans are not disappointed by this type of dumping. Now who is disappointed in this kind of dumping? People who plan short term or expect to make a profit in a short period of time get frustrated. We know that short-term investment can never bring success, short-term investment leads to loss instead of profit. So always invest with long term planning.
There are several factors which can influence or affect the price of bitcoin and most of these factors are mostly unknown to us based on the uncertainty of this factors when it will occur or not, but as a bitcoin investor whose initial strategy is based on the long term goal, you are not perturbed by any of these factors. The volatility of bitcoin is expected as a long term investor, and shouldn’t be a surprise to us. It is a good thing as an investor knowing the current market situation, but your accumulation shouldn’t be about the market timing or condition. Investors should be more focused on accumulating their bitcoin using their discretionary income and hold for the long term.