The bitcoin price drop is an excellent time to buy bitcoins

[Tanya_S]

The crypto market made massive progress in 2021, but we can see significant swings that have scared many crypto investors in 2022. The price of Bitcoin has dropped below $31,000, and many investors panicked. But don’t run from crypto before you read the article.

Bitcoin’s price dropped
The bitcoin's price decreased below $26,000 for the first time in 16 months, amid a sell-off in cryptocurrencies that erased more than $200 billion from the entire market in a single day. Ethereum, the most well-known altcoin, tanked to as low as $1,704. It’s the first time the token has fallen beneath the $2,000 mark since June 2021.
TerraUSD (UST) is intended to be pegged to the $1 but it sank as low as 12 cents and collapsed in a run as investors panicked and sold off their tokens. The Terra blockchain has since officially halted.
Some crypto investors are fleeing from cryptocurrencies. Many crypto investors think about what they should do to save their money. Potential crypto investors are as scared as experts.
What’s behind the latest bitcoin drop? Are crypto market collapsed?

Don’t panic
First, Bitcoin saw its dropping below $31,000 for the first time since July 2021. Such bitcoin’s price was just over a year ago and it means that you don’t need to pay 10,000 bitcoins for pizza. Bitcoin is still a valuable digital asset.
Second, cryptocurrencies have plunged in tandem with Wall Street, and are almost on par with the tech-centric Nasdaq, as investors fret about the Federal Reserve’s next moves to tame inflation. When the Federal Reserve raises interest rates to combat levels of inflation unseen in the U.S. for forty years, it has the effect of lessening demands for more growth companies, like tech stocks and speculative risk assets like Bitcoin. Cryptocurrencies are a part of the economy.
Third, the volatility of cryptocurrencies makes them attractive for investment and risky at the same time. If you seek shelter, you should invest in low-risk assets such as US Treasury bonds but the profitability of assets is also low. By investing in Bitcoin, many investors expect that the speculative craze hasn't diminished, and they will be able to sell it again for much more than they paid. But recent history should be that such plans, while tempting, are never easy to achieve. . The thrill of speculatively investing is not the best strategy because bitcoin is a long-term asset.
Looking back at every past bitcoin downturn, there is absolutely no need to panic in such a situation.

Should you own bitcoin? Should you invest in bitcoin now?
It doesn't really matter who you are, a first-time crypto investor or an experienced crypto trader. The most important thing is to be prepared for the bear market. You should hold or even increase your position if you're set up because bitcoin is a long-term asset. The price drop is a good time to buy bitcoins and use a buy-and-hold strategy. Volatility is as old as the hills, and it's not going anywhere. Keep your cryptocurrency investments under 5% of your portfolio. If you've done that, don't stress about the swings because they will keep happening. If you want to invest in altcoins, you should create a balanced portfolio.
Anyway, bitcoin down is an opportunity for growth, and you can take this opportunity.

[Fivestar4everMVP]

Bitcoin’s price dropped
The bitcoin's price decreased below $26,000 for the first time in 16 months, amid a sell-off in cryptocurrencies that erased more than $200 billion from the entire market in a single day.

Point of correction: I've personally have not seen bitcoin trade below $26,000 since the downtrend began, the lowest bitcoin has traded since the crash began according to coinmarketcap is $26,350, you can confirm this from the screenshot below or you can as well do a proper research yourself on coinmarketcap.

TerraUSD (UST) is intended to be pegged to the $1 but it sank as low as 12 cents and collapsed in a run as investors panicked and sold off their tokens. The Terra blockchain has since officially halted.

When discussing the current crypto downturn in price, I think Terra Luna and TerraUSD should be excluded because what happened with this both projects is not like every normal crash but more of an attack on the project, who actually are those who attacked this project(s)?, I don't know but I believe we all know the story circulating around of what actually lead to the downturn of this both project.
So personally, I believe what happened with Luna and TerraUSD is something unique on its own, it's an attack and not just a normal crash that the crypto market in general is currently experiencing.

[Wiwo]

Very correct for pointing that out and both corrections need to be effected by ops, @Tanya_s will like you to always include date on your writings most especially when you analyzing a chart so that readers can easily check the event, The case of Luna is indeed not a market correction incident both more of an exit scam as this user have pointed out more also Bitcoin and other cryptocurrencies have indeed faced the worst phase of market correction in 2022 such that have not been witnessed before for a long time now since 2017-2018 down market.

[amishmanish]

Bitcoin price drop certainly provide an opportunity to buy bitcoin. But I wont suggest you to invest all your life savings right away. Currently forces like Russia war and US rate changes along with ban by china and possibility of ban by Russia is plaquing the bitcoin economy. These economical factors will surely get resolved, but it will take some time. Yes I guess if you are thinking of a long term investment. You can invest a part of your money, and in very long run your grand children will thank you for investing in bit coin, but please ensure you pass on the keys

[naira]

For now, market stability is quite worrying. The issues out there that affect the price are very volatile. But every drop is an opportunity, but not to buy in bulk. Maybe you can take Bitcoin little by little. Because at the time of decline there will be another decline. If you're not ready, then don't go all-in just because you can't filter out the information out there.

[Pesona1]

The many negative issues that continue to hit the market make many who are still afraid to enter the market today, I think it is a natural thing after the hit that bitcoin got in the last month and made the bitcoin price fall quite deep, but for those who believe in bitcoin fundamentals strong, of course now is the right time and maybe even a very rare opportunity to get because you can buy bitcoin at a fairly cheap price.

[Anonylz]

Even with opportunities like this, many people are still afraid to buy cos of the possibility of the price dropping lower. In reality, every btc drop is an opportunity, price drop is more positive than negative. If you are an ath buyer,  all you need is a little bit of patience and dca, and for others, a great time to buy at a more cheaper price.
This is the time to build your portfolio against the next bull season instead of being fearful, btc investment has been proven to be the best choice among other assets, so why not take the opportunity.

[m2017]

I'm sure no one will argue with Tanya_S that a bitcoi nprice drop is a great time to buy. But the catch is that we can't know at what point the decline will stop and the best time to buy bitcoin will be. Many can still expect more attractive prices than now: when bitcoin will drop to a low in this cycle. Personally, I find this to be like chasing a shadow and almost impossible. It seems to me that it is preferable to buy bitcoin whenever finances allow and hold it. In the future, sooner or later, these investments will return with a profit. Although it looks like a "lazy technique", it will save your nerve cells and possibly money.

If you want to invest in altcoins, you should create a balanced portfolio.

Altcoins have always been more vulnerable to falls, and I'm afraid this is the situation now. You can easily see from the graphs that altcoins have suffered more and the most frustrating thing is that this may continue to continue. We don't know when the crypto market will turn around and therefore I wouldn't risk investing in altcoins now. As time has shown, all the same, bitcoin is more reliable, even if we evaluate it by price charts.

[|MINER|]

I also think btc price drop is a excellent opportunity for traders to get a dip for profit. But After the Luna's incidents many people are being afraid to invest in Cryptocurrencies. You will be surprised to Heard that some also were in a doubt to invest in BTC. I think they have mixed Bitcoin and Luna. There's no need to panic when you are going to investing in btc specially about security . Yes there is a some issues with the market volatility but it's a natural think. The market will rise and fall and in the meantime traders will be trading for profit .

[stompix]

Bitcoin’s price dropped
The bitcoin's price decreased below $26,000 for the first time in 16 months, amid a sell-off in cryptocurrencies that erased more than $200 billion from the entire market in a single day.

Point of correction: I've personally have not seen bitcoin trade below $26,000 since the downtrend began, the lowest bitcoin has traded since the crash began according to coinmarketcap is $26,350, you can confirm this from the screenshot below or you can as well do a proper research yourself on coinmarketcap.

He(she)'s actually right, coin market cap uses an average median for the lowest price, and so does coingecko, if you compare the both for some date you will see wide discrepancies.

The price did go below 26k on several exchanges:
Coinbase https://www.coinbase.com/price/bitcoin  25 338
Bitstamp https://bitcoinwisdom.io/markets/bitstamp/btcusd  25401
Kraken https://bitcoinwisdom.io/markets/kraken/btcusd 25 333

Very correct for pointing that out and both corrections need to be effected by ops, @Tanya_s will like you to always include date on your writings most especially when you analyzing a chart so that readers can easily check the event,

Didn't age well, right? 

[fiulpro]

Ofcourse it's the best time to buy Bitcoins, the whole world seems to be waiting for the next wave an how the price would go to the ATH again, I do think if you do have some extra money lying around it would be very beneficial for you to invest.
- We always see the price reaching top around the end of the year and it starts from September therefore it might be the last opportunity to get into it at the same time even if you are not into holding you can define get some benefits from trading be it intraday or be it long term. You can also trade and exchange coins which is again very interesting since most of them are crashing and going up again. Immense opportunities!

[OgNasty]

I would agree that buying now is better than buying at the all time high.  However, don't expect to catch the bottom of this falling knife.  There's a high probability we see a $10,000 Bitcoin before this correction is over.  For that reason, don't go all in at once.  Use the old dollar cost averaging technique to start accumulating.  The only time I'd go in with a big buy at this point is once we've seen a high volume drop that signals capitulation.  We saw one at $26K, which would have been a good point to buy and flip above $30K, but right now we are settled into a trading range, so I wouldn't be making big bets here.

[KingsDen]

Bitcoin price drop certainly provide an opportunity to buy bitcoin. But I wont suggest you to invest all your life savings right away. Currently forces like Russia war and US rate changes along with ban by china and possibility of ban by Russia is plaquing the bitcoin economy. These economical factors will surely get resolved, but it will take some time. Yes I guess if you are thinking of a long term investment. You can invest a part of your money, and in very long run your grand children will thank you for investing in bit coin, but please ensure you pass on the keys

Apart from bitcoin being a volitile asset, even when investing in other commodities, be it volitile or not, online or offline, no one is expected to invest his all in one business. This should be a natural phenomenon. There are so many uncertainties in the world. Who knows another disease will blow up this year which will cage everyone to depend only on the cash at hand.
No thing is 100% sure, even the life we live we aren't sure of it. Everything disappoints at a certain time. It should therefore not be a wise decision to put ones eggs in a basket.
Saving and diversification is a key in as much as investment is concerned.

[Yaunfitda]

Of course when bitcoin is down and very cheap it's always a good time to buy especially in this kind of situation - bear market.

But you need to hold it and then wait for the next eventual bull run, otherwise if you sell it early, you may not maximized your profits. So it's a question if you are willing to hold for years or do you have that kind of mentally? And there are also this kind of strategy, DCA which can help early and newbie investors.

[jossiel]

Right, no need to panic.

But when people are looking at the past price of bitcoin, please also include how it went from 2020. It was the actual start of the bull run and as well as the pandemic for which we thought that bitcoin's price would plummet a lot.

And it turns out that we were wrong and that's actually the opposite of that thinking because it shown that it's the beginning of the best time and moment as it skyrockets.

[GeorgeJohn]

Cryptocurrency is something that you will know it value and price cap through the help of observing chart. Some people panic to sell cryptocurrency because their always of losing it from a moment and really happened to people who don't know who to study the chart and again set of traders who don't know the basic concept of cryptocurrency movement.
Via the price rotation this year and last year, their is difference between the market of 2021 and 2022 market speculation, ever since this year we have been experiencing bear market. And i think this is the best opportunity to buy bitcoins or any other cryptocurrencies for long and short term investment. If you buy and hold, it's very within the space six months they will be a potential profit from any cryptocurrency investment.

[isaac_clarke22]

~

There are people that won't see the bigger picture and there ain't anything we can do about it since they either don't care or just started investing making them just mind about the present or last week's price.
That 2020 bull run was insane and I am not gonna lie that I was surprised that it got past 20k considering that back in 2017 we were just eyeing on getting past the 20k and it did not happen "for quite a long time".

[Charles-Tim]

Point of correction: I've personally have not seen bitcoin trade below $26,000 since the downtrend began, the lowest bitcoin has traded since the crash began according to coinmarketcap is $26,350, you can confirm this from the screenshot below or you can as well do a proper research yourself on coinmarketcap.

That is close to $26000, it shouldn't be what arguing for, never mind I used argue. The price on exchanges are slightly different. I checked Binance spot trading chart and I saw $26700. Maybe it is slightly below $26000 on some exchanges if OP is right. But according to Binance spot trading chart, it is not even blow $26500.

When discussing the current crypto downturn in price, I think Terra Luna and TerraUSD should be excluded because what happened with this both projects is not like every normal crash but more of an attack on the project, who actually are those who attacked this project(s)?, I don't know but I believe we all know the story circulating around of what actually lead to the downturn of this both project.

The story of luna that caused some people to commit suicide can not be excluded, it proves to be shitcoin and the price went down 1000000x before moving 100x up and yet it has continue to decrease again but and very volatile. Also, UST which is algorithmic stables coin had a great fall. The story is in history how some altcoins could be deadly. And UST is not the first of its kind to have such volatile price while calling it stable coin, but totally a deceit.

[coolcoinz]

When discussing the current crypto downturn in price, I think Terra Luna and TerraUSD should be excluded because what happened with this both projects is not like every normal crash but more of an attack on the project, who actually are those who attacked this project(s)?, I don't know but I believe we all know the story circulating around of what actually lead to the downturn of this both project.
So personally, I believe what happened with Luna and TerraUSD is something unique on its own, it's an attack and not just a normal crash that the crypto market in general is currently experiencing.

The project was a scam in the first place, a ticking bomb. Those who attacked it saw its weakness and exploited it to make some money, but by exposing it they potentially stopped many people from investing in this shitcoin.
You could say that exploiting a weakness in the coin is a bad thing, but they also showed what the plan of the Tera team was and what kind of people they were. They used trust that people had in Bitcoin to pump their own shitcoin. They not only lied about the amount of money they were planning to buy bitcoin with and really bought much less than they were bragging about, but also lied that this will make their stable coin backed by bitcoin.

In the real world their bitcoin was just lying there on a privately owned account and they were hoping that the purchase would not only pump Luna and increase trust in UST, but also pump BTC and make their holdings worth more. They were ready to dump BTC on the market and they did just that, only at a loss because the players got outplayed this time.

[Kasabus]

Bitcoin price drop certainly provide an opportunity to buy bitcoin. But I wont suggest you to invest all your life savings right away. Currently forces like Russia war and US rate changes along with ban by china and possibility of ban by Russia is plaquing the bitcoin economy. These economical factors will surely get resolved, but it will take some time. Yes I guess if you are thinking of a long term investment. You can invest a part of your money, and in very long run your grand children will thank you for investing in bit coin, but please ensure you pass on the keys

Bitcoin would be the best in demand crypto asset right now, but using all your hard earned money to invest in bitcoin is certainly not a smart move. Yes, you can take advantage with the present opportunity but always invest on the amount you can afford to lose. Bitcoin is never an exception and still susceptible to losses, so never invest an amount that you can't stand to lose. Well, this current price drops in the market brings a lot of opportunity, but you could still end up in losing if you can't manage well your investments, or you manage to invest in the wrong coins and lose eventually.