Indeed, the real strength of Bitcoin doesn't rest in the short term price movement but rather in the very fact that it has always managed to recover and push up even higher after every dip. This cycle is what is bringing in new users, and a stronger adoption, which makes the network more valuable and bigger over time. That is why I wasn't even surprised when El Salvador adopted Bitcoin as legal tender.
The very mistake that many beginners make is panicking during dips instead of realizing it will later bounce up and even reach an ATH. As investors, if we zoom out and look at the bigger picture, it’s so obvious that holding Bitcoin with patience usually pays off much better than reacting to every price swing.
Beginners who are still prone to panicking during corrections and often overreact by selling Bitcoin still need to be provided with a broader understanding so they can strengthen their mentality and no longer panic easily when they see a price drop. Past investors who have been patient in holding Bitcoin and continuing to buy it will never panic due to price drops because they have clearly seen Bitcoin repeatedly set new ATHs after price corrections in the market. Meanwhile, in the case of a country like El Salvador, the president himself is quite fond of Bitcoin, and he is actively working to win over people within his government to the point of legalizing it as a form of payment in El Salvador.
Looking at Bitcoin adoption today, we might find it even more widespread, as some large companies are already happy to accept Bitcoin as a form of payment. Therefore, the potential for Bitcoin's price to rise in the future is still very much open, given its continued global adoption. Therefore, we shouldn't panic when we see the clear facts about Bitcoin's current strength.
It is completely normal for the price of Bitcoin to fluctuate and it is also common for the price of Bitcoin to be much higher than we imagine after a long time because looking at many types of statistics in the past, we can understand that Bitcoin has always given very good feedback after a long time and it will continue to do so in the future. Now the price of Bitcoin has dropped a lot, but it is still above $100,000. Even if it drops even more, there is no problem because it is the feature of Bitcoin. I think those who are following DCA in investing in Bitcoin for long time ,at the moment they are in the best position because they do not have any headache about the price of Bitcoin being higher or lower. Rather, those who think that the price of Bitcoin is lower at the moment can invest from their discretionary income aggressively. As a result, they got the opportunity to invest while the price of Bitcoin is low. Currently, the price of Bitcoin is below
$100,000, which was an all-time high a few days ago and rose above
$125,000. At this time, US Commerce Secretary
Lutnick said Bitcoin is going much higher. You have to have faith and patience in Bitcoin. As a result, Bitcoin will definitely give some good feedback in the future. Whether the price decreases or increases, you should not panic about these things. You should always continue your investment activities by following the DCA method with discretionary income. If you can continue it for 4 to 10 years with patience, then it is possible to make several times more profit than investing. In fact, investing in Bitcoin is a means of future security, so it is very important to be patient.