When the price bitcoin drop more than 30% i'm very happy because i have a chance to buy more bitcoin at lower price, for those people who believe in bitcoin (including me). I'm so happy when see the btc price drop because i believe at the end the price of bitcoin will rise again.
That's what others don't see as what you see.
When the price drops too much then they won't look at it as a chance to buy but will look at the market as a dying market. And that's a very negative approach of them because they think that it's all going to drop and without any chance of recovering.
That's what they don't know.
Sure, some people believe that the market is dying and not going to recover, but why do we give any shits about them? Those kinds of people are always present and likely are failing/refusing to act and to prepare for UP. They are overly focused and concerned about DOWN without either valuing the preparation for up or having a long enough investment horizon that DOWN should not overly affect them.. For example, if your BTC investment horizon is at least 4 -10 years (of course, longer is better, but still even the shorter one might work out), then If you have already been in BTC for 4 years, you would see that you have pretty decent chances of being up on your investment, so you would not consider a wee bit of down time to be impacting you in any kind of meaningful way, especially if you still might consider that you have another 6 years or more to stay invested in BTC.
So for example, someone who has been in
BTC for 4 years could very reasonably have a steady BTC buying practice of something like $20 per week, but still be in the neighborhood of 4.5x or more returns in regards that the amount that they invested into BTC... Maybe more than $4k and more than half a bitcoin and not bad kind of investment progress.
For sure the guy with
7 years of investing in BTC is going to be sitting much more pretty with the same level of mediocre investing of about $20 per week, he would have ended up with something like 42x of profits, and $7,300 invested but more than 8 bitcoins.
Even though the longer that someone has been investing in bitcoin has tended to cause better kinds of overall returns, even with relatively modest amounts invested on a regular and ongoing basis....
So even if we look down the road and the person who starts to invest in BTC might not have more than 4x after 4 years or more than 40x after 7 years, but even having 4x in 7-10 years is likely going to be decent results and within a range of quite reasonable to hope for, even if nothing is guaranteed in terms of either amounts of time, and there are also going to zero scenarios that are not non-zero in their likelihood, but I still would consider bitcoin having a quite better investment thesis now as it did in 2013 - even if there has already been a considerable amount of BTC price appreciation over that time.. and even though BTC may have moved from the earlier early adopters phase to more of a just regular early adopters phase.
Your milage may vary in terms of your actual performance or your strategies that you might consider employing after attempting to assess both where BTC is currently and where it might go in the short, medium and/or long term.. and which kind of investment approach that you prefer to employ, if any.
4-10 years minimum I continue to suggest as being good.. but surely you have to tailor to your circumstances and also consider that even if some kind of getting rich quick were possible, it is likely more prudent to be attempting to be preparing for getting rich more slowly.. and to feel lucky either to make it or lucky to have it happen in a shorter period than expected.. such as while you can still enjoy it.. depending on your age and how many years you are planning to move from BTC accumulation stage to maintenance stage to liquidation stage or whatever variation in the middle since they might not even be absolutes in the whole investment portfolio categorizations and considerations.
