The bitcoin price drop is an excellent time to buy bitcoins

[cheezcarls]

I just don't mind about the price of Bitcoin right now. I started doing DCA with BTC just this month when the price was around $30kish. My goal was to build wealth for the long term and I am planning to put my extra "not beer" money into BTC every month. Despite that we may not know what would be Bitcoin's price later on, I believe that it'll grow and surpass its previous all-time high in the future.

Whether if it's this year, next year or a few years, I am committed to buy more BTC in an old-school way of wealth building which is dollar-cost averaging.

[1714805333]

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[wxa7115]

I still prefer to think Bitcoin is doing great as long as it is not down to zero. I mean I would worry a lot if bitcoin goes nuts by dropping to as low as $500 bucks because then it's as equal to as loosing everything we have in our wallets. It's around $26k, which means it's still huge valuation of bitcoin. Keep them holding, keep them in wallet and we are yet good.

Views like bitcoin going to zero or bitcoin going to 500$ are just insane and bitcoin is never going to fall that far down. When bitcoin is bearish we hear such news everywhere in the market and many newbies sell their holdings on these news and regret later.

This is a time to hold your savings and investments in crypto. No need to be panic and buy more bitcoin if you have the funds.

This is what happens when people think of bitcoin as just another coin that we have in this market, we need to be direct, if bitcoin went that low then the whole market of cryptocurrencies will crash all the way to zero.

And the only way something like that could happen is if a fatal flaw was found in bitcoin, something that is quite unlikely, after all many years have passed and many people have tried to do exactly that and they failed, so people need to be realistic and accept that something like that is most likely never going to happen.

[lablab03]

I don't think so. I hope you know what you're saying coz you know not all the time when bitcoin dropped it doesn't mean a good time to buy as it depends on the situation of the market. As the matter of fact there's a lot of people lost money in such situation coz they all thought thay it's always an excellent time to buy but it's not. Lmao so be careful bro!

[DoublerHunter]

I just don't mind about the price of Bitcoin right now. I started doing DCA with BTC just this month when the price was around $30kish. My goal was to build wealth for the long term and I am planning to put my extra "not beer" money into BTC every month. Despite that we may not know what would be Bitcoin's price later on, I believe that it'll grow and surpass its previous all-time high in the future.

Whether if it's this year, next year or a few years, I am committed to buy more BTC in an old-school way of wealth building which is dollar-cost averaging.

^ DCA way of buying BTC is a good start, you will not experience losing on this because you are not buying BTC at once and feel that you have a loss when the BTC price is drop. It is now exactly the right time to buy BTC and hold it in a long run. Spending $50 a day and buying BTC is not that bad, it seems you have a digital piggy bank wallet is on this way but never forget how to secure your assets and it should be an open-source code type of BTC wallet. When the BTC price will drastically down, investors will happen but holders will get sad.

[Rufsilf]

Excellent, perfect...that's up to you mate but yeah, we never have missed this opportunity for this won't happen long-term.
We have to take a mirror and remember the last bear season when people had missed buying Bitcoin at $4k? I believe in this time, we don't let this thing happen once again, we indeed make sure that we fill our bag already before the next halving comes or the next surge arrives as it certainly takes long before the market drops again.

[GigaBit]

In cryptocurrency, successful people are those who can buy at the lowest price and sell at the highest. When the price of Bitcoin was $6,000, many people thought it was probably the highest. Many were afraid to invest there. Today, the price of Bitcoin is comparatively lower. In that case I think this is the right time to gain for the next bull market.

[maartenhaha]

actually lowering the price of bitcoin is a good time to buy bitcoin but when bitcoin goes down many people don't buy bitcoin for fear of bitcoin price going down again. finally those who dare to take the attitude of buying bitcoins will win in the future.

[raidarksword]

For me this is a healthy correction and it is a buying opportunity for new people in the industry.  We had a heck of ride last year and every coin/tokens blasting off and this correction is the best to happen to make the market more rational and more investors coming in. Bitcoin may drop many times but adoption is still very strong for us to embrace and next payment system in the future. Buying this bear market is the best decisions of our lives.

[Issa56]

I don't think so. I hope you know what you're saying coz you know not all the time when bitcoin dropped it doesn't mean a good time to buy as it depends on the situation of the market. As the matter of fact there's a lot of people lost money in such situation coz they all thought thay it's always an excellent time to buy but it's not. Lmao so be careful bro!

I think the only set of people that lose money when investing in bitcoin are the short term holders, if you are a long term holder I don't think you will lose money, no matter the price you buy it if you can hold for long term you will definitely be in good profit later in the future, that's why I always advise people to hold bitcoin for long term if the want to invest in bitcon. So currently I believe it's a good price to buy if you are planning to hold for long term because very soon we might not see bitcoin drop to this current price again.

[bangjoe]

actually lowering the price of bitcoin is a good time to buy bitcoin but when bitcoin goes down many people don't buy bitcoin for fear of bitcoin price going down again. finally those who dare to take the attitude of buying bitcoins will win in the future.

It's like a cycle, people want prices to go down but when they go down they hesitate and wait again, as a result they never buy until bitcoin returns to ATH and after that they regret it. Things like this we will always see in cryptocurrencies and it's a bit of a joke for me personally to see the same thing every year.

[Ebede]

Nowadays cryptocurrency has gone to such a stage that people are making money from it and are facing losses. Although you have invested heavily in cryptocurrencies in the past, now is the time Patience is needed at times. This is because the state of the cryptocurrency market is much worse now than in the past, which is why all investors are now facing losses.

. cryptocurrency on it own have a lot of risk even though you want to buy and invest for long time you will still experience the risk, losing for crypto investment is another stage of corrections of a mistake and people don't know that fully, the thing that make people also to do well for cryptocurrency is the risk they took during the investment, the market is rough and bad but some people will benefit from the this tough time of market falling because they will concentrates with buying

[romero121]

actually lowering the price of bitcoin is a good time to buy bitcoin but when bitcoin goes down many people don't buy bitcoin for fear of bitcoin price going down again. finally those who dare to take the attitude of buying bitcoins will win in the future.

It's like a cycle, people want prices to go down but when they go down they hesitate and wait again, as a result they never buy until bitcoin returns to ATH and after that they regret it. Things like this we will always see in cryptocurrencies and it's a bit of a joke for me personally to see the same thing every year.

This is out of the fear. For now there is small forward move, and this could trigger the cryptocurrency users to invest for a profit believing in growth. When the market is in continued downtrend without much of progress out of the fluctuation people have a feeling that the price will fall even further. As per different predictions the market is supposed to go low to $25k and before that every opportunity need to be used to book profit.

[Ebede]

actually lowering the price of bitcoin is a good time to buy bitcoin but when bitcoin goes down many people don't buy bitcoin for fear of bitcoin price going down again. finally those who dare to take the attitude of buying bitcoins will win in the future.

This is the good time to buy any cryptocurrency that is good and have good volatility, and is not buy and resell but but and hold, people who is on funds now continue to buy cryptocurrency, i believe that any person that virtually buy now will make profit from next year because vthe price of bitcoins now is very down and when it will go up people that bought when is low will become a beneficiary for bull market.

[ragini330]

invest properly don't because bitcoin is having a discount you are playing crazy, remember the terra problem is still warm so think one day btc will also be like that, it's true if you look at the price of btc in 2021 it can give you wealth but times will not repeat the same if bitcoin is always hit by bad news

It looks good opportunity to take entry because Bitcoin is trading between 28-30K range but nobody can predict correctly  where is the bottom. Long term investors should take entry on every cross over by using weekly chart of MACD and don't make all your buying in one go, take 3 step strategy. this is how I accumulate  Bitcoin and it always works in the long term.

We are almost close to the bottom, I personally think we are almost there. If it drops to $25K I guess we're there already and it could be ready to soar the sky once again. But still its my view only. And my view will not matter compare to the crisis the world is imposing to everyone.

Whether you figure to earn as it bottomed or not,  you as a person will need to spend more these days due to inflation which is the biggest hurdle today for prices to go up  even on stock market. We are in the recession.

All financial markets are in turmoil and so is Bitcoin due to rising inflation, in this scenario where there is the possibility of a further increase in interest, it would be very difficult to predict the bottom of Bitcoin correctly. Some Technical experts are even predicting a bottom below 20K which I think won't happen. My main worry is since we all believe Bitcoin is a store of value and it is digital gold so it should decouple itself from the stock market and move independently.
[ I think other alternative options should also be kept side by side with bitcoin. Recently, I came across a site Mallconomy, that is Metaverse based and has great earning potential. If anyone wants to know about it and its potential, all are invited]

[amihada]

When the price of bitcoin is expensive, many are waiting for the price of bitcoin to go down but when the price of bitcoin goes down people will wait for it to go down again but in my opinion this is the right time to buy bitcoin, don't wait for bitcoin to go down further because bitcoin won't necessarily go down again, most likely bitcoin will be more expensive and you will regret not investing bitcoin now.

[Mr.sprin]

It's true that the right time to buy bitcoin is when the price of bitcoin is going down, now the price of bitcoin is going down this is a very big opportunity to buy bitcoin and save it because the price of bitcoin will definitely go up again and when the price of bitcoin goes up you will get a big profit.

[glendall]

I feel that at this time there are many holders who are panicking by seeing the current value of btc, sometimes this situation is used by investors to buy more bitcoins and release them when the price is high, so be prepared to participate in the discount now so it's not too late
but it all comes back to their own decisions and risks

[TribalBob]

invest properly don't because bitcoin is having a discount you are playing crazy, remember the terra problem is still warm so think one day btc will also be like that, it's true if you look at the price of btc in 2021 it can give you wealth but times will not repeat the same if bitcoin is always hit by bad news

Don't compare Bitcoin to Luna as it was here several years and was also noted for its credibility and it sustains despite many market downfalls that come. But Luna is a scam coin, while Bitcoin does not exist to have that kind of purpose. So I ask and encourage people to buy Bitcoin and stop worrying about the failure of other projects as it was another story.

Well, FUDs aren't new and people are already immuned hearing to such things. May these newbies got affected but these old-timers will simply just ignore them.

I know , just as a lesson from this LUNA . so that we do not follow our passions and do not measure the ability to buy something,
I don't equate LUna and BTC
it's just that financial processing must be the same, be careful and use cold money

[Vaskiy]

I feel that at this time there are many holders who are panicking by seeing the current value of btc, sometimes this situation is used by investors to buy more bitcoins and release them when the price is high, so be prepared to participate in the discount now so it's not too late
but it all comes back to their own decisions and risks

Investors who made a buy when the price is down to $30k will be now enjoying their profit. The price have reached close to $32k. We can't conclude the market had turned bullish, but it gives some positive momentum for users to invest than getting panic and regret when the price moves high all of the sudden.

[chichigirl]

True, if the price drop a lot of people may take it as a chance to invest with bitcoin. For those who are able to buy at the dip they are now gaining more and enjoying their profits.