It is right time to buy as the bottom staggers around $28 - $30k. Some have predicted that the price could fall even lower than the current Market. So, one can prefer buying as a long term investment. Right now everyone used to accumulate, fearing the future and the ongoing market situation. In particular accumulation of altcoins were taking place, because soon market trend could move towards.
Exactly, it will be favourable for anyone that will take a step to buy bitcoin because the price has dropped down to $28,000 few hours ago which will be better for long term investors to use huge amount of money to invest on bitcoin now. I don't think, the price will fall lower than $28,000 before the end of this month because the price is preparing to increase higher for those that invested on bitcoin to have something good to achieve from their investment. I believe the price will definitely hit back to $50,000 before next month for people to believe that the price will reach $100,000 before the end of this year 2022.
Using huge amount of money may seem inappropriate because we have this "buy only what you can afford..." thing, but it was bitcoin is the one that we are talking about and also, we are going for longer terms so I guess it was fine? There's also an evidence that btc values can recover and increase if only you will give it a time.
I know, the price earlier was 30k but if it falls again the moment you write your post then that only shows that price was still not stable and there a chance for it go down. We only have 7 days before we proceed to the next month. With that time frame I don't think we can get to 50k real quick but a 100k before the year ends, can still be possible.
Although the price of Bitcoin is very volatile and there is also the possibility that the price of Bitcoin will drop even lower, but that doesn't mean
investing in large amounts of Bitcoin is a bad thing. As you said, the price of Bitcoin will always recover and rise again if we are patient and hold
Bitcoin in the long term. After all, Bitcoin is the best cryptocurrency until now, even since the beginning of entering the market until now Bitcoin
has always dominated the market. So investing in Bitcoin can be said to be safe and can make us generate large profits, if we can be patient
when investing in Bitcoin. Therefore for me Bitcoin is always a top priority when investing. So whenever we have money, we can buy Bitcoin
at any price. Bitcoin is indeed different from other crypto coins, we will find it easier to make profit from Bitcoin, that's because Bitcoin is the best.
So Bitcoin will always have a high demand, so no matter how deep the Bitcoin price falls, it will always be able to recover and will even rise to
a higher price.