that the bitcoin price can go down a lot, and we are waiting for that, but this is also another mistake. i don't think Bitcoin price can drop below $80-90k on dip season.
History has taught us that bitcoin can drop to any price in bear season and also rise to any price in a bullish season. Same way we are expecting that bitcoin can rise to any price in the future, let's also have it at the back of our mind that bitcoin can drop to any price as well. We have seen that happened in that past when bitcoin dropped from $68k to$16k thereabout. That's to tell investors to be open minded about bitcoin investment, and expect price to rise and fall to any amount.
It's true that Bitcoin can rise and fall due to it volatility, but that doesn't mean that bitcoin might drop to 1k dollars. Looking at bitcoin and is great potential, their is a higher tendency that it might go as high as a million dollar or more in the future, so what we should be doing now is to accumulate as much as possible according to how much you can afford to do away with for a very long period of time.
What most bitcoin investor don't know presently, is that bitcoin is no were near it peak price, and due to it limited supply, there's a higher possibility that it will keep on rising as the days goes by, so it will be very unwise of us not to accumulate it now that it is still very cheap, but in all we do, we should try as much as possible to accumulate according to how much they can do away with, so that they can hold very strong into the future.
For you to be able to know that Bitcoin has the potential and high tendency to go as high as a million dollars or more in the future, it will be wise enough to also know that it has the potential to go as low as any price in the future. Bitcoin is a highly volatile asset and the changes in price are affected by so many factors and most of these factors are unknown to us, nothing is really guaranteed. We can only live with the conviction that bitcoin price will continue to go up even though it goes down at some point in time.