How do you interpret the fluctuation of Bitcoin price ?

[Finestream]

Bitcoin price has dropped below $20k from the recent high of $25k in mid February. Personally I have no problem with this fluctuation because compared to altcoins and taking the bear market into consideration, Bitcoin is still reliable and the volatility is pretty reasonable. For new potential investors, is this still a good time to invest in Bitcoin ? What do you think of the recent drop of Bitcoin price ? Please share your views.

Bitcoin has always been a good and potential crypto investment and it will be a good market entry if you start investing it at a lower price because it will enable you to purchase a bigger amount of bitcoin at its affordable price. Though everyday is a good time to invest in bitcoin, but if there’s a market crash, that will open a great opportunity for another market entry. So volatility is a good thing for bitcoin, however new investors often misinterpret it and cause them to panic, when in fact such price decline will only be temporary.

[1715055162]

1715055162

[1715055162]

1715055162

[1715055162]

1715055162

[mv1986]

There is no point in drawing your isolated conclusions when the price fluctuates Most of the news are priced in and when some crash like dynamics happen, you are probably too late to exploit the movements anyway. I'd rather stick to some strategy, my advice would be longterm, and sleep well and let Bitcoin develop. If you want to trade the whims, that is a hard business.

If you read some of the news it sometimes talks about short squeezes. That's when those who bet against Bitcoin in the short term get crushed. Don't bet against it, don't use leverage and build some reasonable positions.

[Rigon]

For new potential investors, is this still a good time to invest in Bitcoin ?

When Bitcoin moved to $15500 it was an opportune time for us to invest. Then at the beginning of the new year, Bitcoin went up. The price of Bitcoin rose to $25,000. Many people thought that the investment opportunity might be gone. But we can see that in the last few days the market has come down again, I think another opportunity has come for people to invest. But the market bounced back from $19,800 to $24,500. But I think even if the market increases, it is still the right time for us to invest. So those who want to invest can still invest.

[nullama]

~snip~
When Bitcoin moved to $15500 it was an opportune time for us to invest. Then at the beginning of the new year, Bitcoin went up. The price of Bitcoin rose to $25,000. Many people thought that the investment opportunity might be gone. But we can see that in the last few days the market has come down again, I think another opportunity has come for people to invest. But the market bounced back from $19,800 to $24,500. But I think even if the market increases, it is still the right time for us to invest. So those who want to invest can still invest.

It also depends on the time that you have money and attention to invest in Bitcoin really.

For example, you could say that $15,500 was too expensive because you were buying it in 2013 at a fraction of that price.

The thing is that Bitcoin is an appreciating asset, so no matter what price it is today, it should be higher in the long time.

[FireDAOJackie_Z]

is this still a good time to invest in Bitcoin ? What do you think of the recent drop of Bitcoin price ? Please share your views.

Hmm maybe it's a bit late for me to reply but let's say the word. Yeah, when BTC was below $20k it was a great opportunity for investors, hodler, and traders but it does not mean that the market will not provide another opportunity you just have to be patient. Now as of writing this reply, BTC has reached close to $24,232 which is just unbelievable for the market to recover.

The market has provided a lot of opportunity in the last few weeks, First, it was a ban on Kraken Exchange's staking system in the USA then the news that was booming on crypto of SEC suing Binance for BUSD and now Binance (as of present) converted there BUSD reserves to other coins like BTC, ETH, BNB, etc. to decrease the impact if it de-pegged.

Secondly, the news of Silvergate bankruptcy also causes some fluctuations in the market which no doubt cost some traders who took entry b/w 23k to 25 but I can say as of today they must have recovered there most of the loss and maybe made some bucks in profit.

Thirdly, the bankruptcy of Silicon Valley Bank (SVB) behaved like a third-time hammering on the nail which was hammered first and second times. This hammering by SVB provides another opportunity for all of us.

What I think is, when people shrank their deposits from SVB they need some other source to invest their assets which I think is Crypto. That's why when the week starts the institutional markets open up and the big candles started to make. And boom BTC goes straight to $24k.

If you want to invest or take entry into the market then I must say DYOR ( i love these four magical words) haha. because it saves effort and weight. I think a little patience will do the work as maybe another de-pegging of BUSD will provide another opportunity. overall I am bullish for the long term if you want to buy BTC for hodling then buying it at $24k is a good opportunity overall, it depends on your financial status all I can do is share my opinions and once again do not follow anyone just follow your guts and build confidence (once again I am just sharing my thought that it.)

Thanks for sharing your thoughts. You have done abundant research and I guess you are not on impulse. The analysis of the everyday news is quite necessary and each of us must learn to have a critical thinking. As the Bitcoin price surges again, more confidence will be built for new investors/traders. I am pretty sure we will witness another ATH. Just be patient.

[nullama]

~snip~
Thanks for sharing your thoughts. You have done abundant research and I guess you are not on impulse. The analysis of the everyday news is quite necessary and each of us must learn to have a critical thinking. As the Bitcoin price surges again, more confidence will be built for new investors/traders. I am pretty sure we will witness another ATH. Just be patient.

I think having the mentality of adding more and more to your Bitcoin stash helps.

Because it doesn't matter what price it is today, you're still saving.

It's kind of like investing in a passive index fund, but better, because it's bitcoin

[mv1986]

~snip~
Thanks for sharing your thoughts. You have done abundant research and I guess you are not on impulse. The analysis of the everyday news is quite necessary and each of us must learn to have a critical thinking. As the Bitcoin price surges again, more confidence will be built for new investors/traders. I am pretty sure we will witness another ATH. Just be patient.

I think having the mentality of adding more and more to your Bitcoin stash helps.

Because it doesn't matter what price it is today, you're still saving.

It's kind of like investing in a passive index fund, but better, because it's bitcoin

As we have seen now, only a couple of days ago the market was quite volatile and shaky and people were already discussing when we are going to see 17k prices. Despite all the bad news like the banks crashing and bad regulation being proposed by Joe Biden's administration, we have immediately seen a big comeback and even more than that. We just blasted through the 25k and now consolidated around that number. Probably we are not going to see 17k or even prices below that ever. That's a bullish sign to me because when even bad news about regulations and important banks crashing can't push Bitcoin down, then what can?

[FireDAOJackie_Z]

~snip~
Thanks for sharing your thoughts. You have done abundant research and I guess you are not on impulse. The analysis of the everyday news is quite necessary and each of us must learn to have a critical thinking. As the Bitcoin price surges again, more confidence will be built for new investors/traders. I am pretty sure we will witness another ATH. Just be patient.

I think having the mentality of adding more and more to your Bitcoin stash helps.

Because it doesn't matter what price it is today, you're still saving.

It's kind of like investing in a passive index fund, but better, because it's bitcoin

As we have seen now, only a couple of days ago the market was quite volatile and shaky and people were already discussing when we are going to see 17k prices. Despite all the bad news like the banks crashing and bad regulation being proposed by Joe Biden's administration, we have immediately seen a big comeback and even more than that. We just blasted through the 25k and now consolidated around that number. Probably we are not going to see 17k or even prices below that ever. That's a bullish sign to me because when even bad news about regulations and important banks crashing can't push Bitcoin down, then what can?

Too much volatility has not weakened Bitcoin but made it stronger. This is another proof that Bitcoin has endured the market and a huge comeback boosts all investors and traders' confidence again. Friends of mine begin to buy more Bitcoins and i am planning as well. If this is not a big time to invest, I can not think of a good one in no time soon.

[ancafe]

Bitcoin price has dropped below $20k from the recent high of $25k in mid February. Personally I have no problem with this fluctuation because compared to altcoins and taking the bear market into consideration, Bitcoin is still reliable and the volatility is pretty reasonable.

You will always see bitcoin fluctuations in the market, the process of correction and recovery will continue at any time and can never be avoided. You already know bitcoin that's why it doesn't matter about price fluctuations, but it will be different if people who don't understand bitcoin.

For new potential investors, is this still a good time to invest in Bitcoin ? What do you think of the recent drop of Bitcoin price ? Please share your views.

Most people rely on bitcoin as a long term investment and some use short term patterns. For the long term potential whenever you can take the approach to make a purchase, while the short term depends on how you want to profit. I think bitcoin can be bought in any condition according to the investment pattern you make, but most people use the decline process as an approach to buying.

There is a term market sentiment that occurs so that bitcoin has decreased, one of which may be negative news that is developing or there are other, more fundamental influences that cause bitcoin to be corrected and there may be many factors causing the decline that occurred. According to my observations today and yesterday bitcoin has returned to the recovery stage from the previous correction process, even today it is in the $24k price range.

[tisnaislam111]

Bitcoin price has dropped below $20k from the recent high of $25k in mid February. Personally I have no problem with this fluctuation because compared to altcoins and taking the bear market into consideration, Bitcoin is still reliable and the volatility is pretty reasonable. For new potential investors, is this still a good time to invest in Bitcoin ? What do you think of the recent drop of Bitcoin price ? Please share your views.

The fluctuation of Bitcoin price is a complex phenomenon that can be influenced by various factors, such as market demand, supply, geopolitical events, and technological developments. Some experts interpret the fluctuation of Bitcoin price as a natural aspect of any asset market, where buyers and sellers are constantly adjusting their positions based on their perceptions of the market conditions.

Others see Bitcoin's price fluctuations as a reflection of its relatively new and untested status as a decentralized digital asset that operates outside of traditional financial systems. These experts argue that the volatility of Bitcoin price is a result of its lack of intrinsic value and the uncertainty surrounding its long-term viability as a store of value.

Overall, the interpretation of Bitcoin price fluctuations varies among experts and depends on their perspectives and beliefs about the underlying factors that drive the cryptocurrency market.

[pgbit]

Bitcoin price has dropped below $20k from the recent high of $25k in mid February. Personally I have no problem with this fluctuation because compared to altcoins and taking the bear market into consideration, Bitcoin is still reliable and the volatility is pretty reasonable. For new potential investors, is this still a good time to invest in Bitcoin ? What do you think of the recent drop of Bitcoin price ? Please share your views.

The recent drop in Bitcoin's price may present an opportunity for some investors to buy at a lower price, but it is important to approach any investment decision with caution and careful consideration of individual circumstances.
Regarding whether it is a good time to invest in Bitcoin, this is a decision that depends on many individual factors, such as your financial situation, investment goals, and risk tolerance and always DYOR before investing

[xzy887]

Investing in Bitcoin becomes difficult for some people. They think Bitcoin is hard. But I don't think so, I invest there, sleep well. Don't worry so much about the money invested. Because I am a long term investor. I don't panic as often as they do. And I believe that Bitcoin will never stop. So I invested in Bitcoin and slept soundly until it went up.

[panganib999]

Well to me, this has been the most volatile bitcoin has ever been in its 10+ years run. Some may say the 2020 is a much more chaotic year but then again up until 2021 the currency remained rising in value which is something that is really expected of it during those times. This time however, with the SVB failing and many other shenanigans in the real world taking its course, one would've assumed bitcoin is supposed to drop in value along with these current events, but as it stands today bitcoin is rising in value, even went so far as to jump from 20k to 26k despite the fact that SVB, one of the "most trusted" banks in the US has failed. Just weird times man, and people are saying bitcoin's not as financially secure as investing money in a bank.

[Henrobakkara]

Bitcoin price has dropped below $20k from the recent high of $25k in mid February. Personally I have no problem with this fluctuation because compared to altcoins and taking the bear market into consideration, Bitcoin is still reliable and the volatility is pretty reasonable. For new potential investors, is this still a good time to invest in Bitcoin ? What do you think of the recent drop of Bitcoin price ? Please share your views.

Bitcoin fell to as low as around $15k and people were still asking this question if it was the right time to buy Bitcoin. Even if Bitcoin were to fall to $5k or below, I believe instead of people to massively buy they will be questioning if Bitcoin is Dead. Price fluctuation or volatility is normal in the Bitcoin market and even new investors should take advantage of this current price if they really want to invest.

[FireDAOJackie_Z]

Bitcoin price has dropped below $20k from the recent high of $25k in mid February. Personally I have no problem with this fluctuation because compared to altcoins and taking the bear market into consideration, Bitcoin is still reliable and the volatility is pretty reasonable. For new potential investors, is this still a good time to invest in Bitcoin ? What do you think of the recent drop of Bitcoin price ? Please share your views.

Bitcoin fell to as low as around $15k and people were still asking this question if it was the right time to buy Bitcoin. Even if Bitcoin were to fall to $5k or below, I believe instead of people to massively buy they will be questioning if Bitcoin is Dead. Price fluctuation or volatility is normal in the Bitcoin market and even new investors should take advantage of this current price if they really want to invest.

Price volatility is normal but within a short run, most people tend to focus on the latest price change. Let's say, $15k surging to $25k may not be a huge leap in the long term for Bitcoin but for any investors, if you bought Bitcoins at $15k yesterday and two weeks later the price became $25k, that would mean a high return from the investment. If the price was the other way around, that would be a huge loss. So everything is situational and it is not weird every time people ask the same question because no one can predict the market tomorrow.

[xzy887]

Bitcoin fell to as low as around $15k and people were still asking this question if it was the right time to buy Bitcoin. Even if Bitcoin were to fall to $5k or below, I believe instead of people to massively buy they will be questioning if Bitcoin is Dead. Price fluctuation or volatility is normal in the Bitcoin market and even new investors should take advantage of this current price if they really want to invest.

Of course, if Bitcoin ever drops to $5k, people will be more concerned about whether Bitcoin is dead than investing here! Will Bitcoin end? I would not, however, think that those who actually invest in Bitcoin are always waiting for a bear market in the market.They know that the market will give us an opportunity to invest, that is the bear market. Bear markets have always been behind Bitcoin's rise from lows to highs. So is Bitcoin over? Of course not. It's best to use that as a good time to invest as we have many bear markets coming up next.

[Artem Sereda]

Bitcoin is still reliable and the volatility is pretty reasonable. For new potential investors, is this still a good time to invest in Bitcoin ? What do you think of the recent drop of Bitcoin price ?

Bitcoin as a digital currency has experienced an increase in price. There are some speculators who predict that the market will fall, but there are also many who believe that it will continue to rise.

There is no point in speculating about this now. Right now bitcoin is having constant local corrections, but I think it's still a good time to buy bitcoin for small amounts.

[Godday]

I have been fond of long term investing.  Bitcoin going down to $20k is a great opportunity for me to invest in it.  I am not a speculator and I think it is good for investors like me to invest at the bottom.  But if you are a trader I don't know how they think so I'm not sure about my opinion for short term investing.

[kelechi]

I consider it as consolidation points to get more BTC

[taufik123]

I have been fond of long term investing.  Bitcoin going down to $20k is a great opportunity for me to invest in it.  I am not a speculator and I think it is good for investors like me to invest at the bottom.  But if you are a trader I don't know how they think so I'm not sure about my opinion for short term investing.

Long-term or short-term both provide benefits. Just adjust whichever is right for you.
If you are fit for the long term by buying gradually it will be a good opportunity for you and can enjoy the benefits when the target has been reached.

But for those traders who make short-term investments, there will be benefits to be gained from every price fluctuation that occurs.
Scalping, Swing trading, and other methods can be used to make quick profits, but this requires expertise in technical and fundamental analysis and psychological readiness to monitor the market at all times.