When the price of an asset suddenly drops, you
DIP it. It is better to invest in this confidence that it will increase again in the future.
Some dips happens for a short term, but others happens because the project itself has issues. Issues like maybe poor management, total abandonment etc. That is why every dip isn't a buying opportunity. Buying blindly into every dip without getting to know what caused that dip is simply unwise. Based on what you said on confidence, I would say this
The Crypto market is highly volatile and as such Confidence without Research is Null Before one invest into any dip, this are the questions you are meant to ask yourself:
1)
Is the project a solid one? 2)
Is there any tangible reason that this project will bounce back or recover? If your answers to this is uncertain, it is better to wait it out
Brother, we are talking about Bitcoin here. If the comment you made is about Bitcoin, then you are completely wrong. No one can and will never control Bitcoin. Bitcoin is decentralized like you keep your money in the bank. Banks are controlled by some people. For this, banks are centralized banks and can steal your money if they want. But Bitcoin is decentralized. There is no human hand in Bitcoin, there is no other person's hand except you.
It is never right to compare Bitcoin with any other currency. When we say crypto, we usually mean all the currencies in the market. I think Bitcoin is the king of all currencies. There are many crypto currencies in the market that are very stable that their value does not increase or decrease. When all these crypto coins are first launched in the market, it is seen that their value has increased a little, but after a few days, their value decreases. So always invest in Bitcoin and hold your holdings for the long term.