Now is definitely a good time to invest if you're in it for the long term. The recovery to the current price should attract a lot of longer term investors who were put off because they thought a recovery might not happen. Of course bitcoin could dip again but similarly it could reach a new ATH soon.
13 days ago was way better time to buy Bitcoin. You could almost double your investment by now. That is a huge profit for those that are willing to take a risk.
Correct. I'm just discussing it with a friend of mine 2 days ago. We could have made huge profit by today, almost doubled our money. But we didn't. Not that we are afraid to take risk, but we don't have money to invest that time and we don't want to borrow from someone.
Many will have found ourselves in the same position, it's always tough because it was a very good buying opportunity but it's important to have self restraint. For myself I could have invested further savings at that time and right now be very happy but I've always told myself I won't ever use them for crypto. It's easy in hindsight to look back and say 6k was a great buying opportunity but it was not impossible for the price to fall further.
Now is definitely a good time to invest if you're in it for the long term. The recovery to the current price should attract a lot of longer term investors who were put off because they thought a recovery might not happen. Of course bitcoin could dip again but similarly it could reach a new ATH soon.
We could not really so sure that the threat of corrections is gone so better if we should not be so confident that this current value rise up is what we have waiting for. There are lot of experts that dip still is in there that by the end of this 1sr Quarter another dip will coming but after that it will rise up again until it will reach ATH of $25K for this year but still i hope that this development that are happening in the world in favor Bitcoin will eliminate the threat.
The dip and the subsequent dump was long overdue. There are a lot of irrational buyers during the December peak that got burned last month alone. They are not experts, those are people who just created FUD to spread fear among investors. The experts that I have read says the bottom is $6K which we hit and then it never go down below that. Now we see the price has pick up already and maybe a new all-time-high is just on the horizon.
December was an absolute frenzy, I read many articles saying it was big money coming in from hedge funds and such but I don't fully buy that, I would think they'd be a bit more sensible with their point of entry. It could be that they came in initially and then the less experience guys got wind of this and were the ones who really got burned buying right at the top.
While it's easy to say these guys made a mistake, I hope that they didn't compound their mistake by selling at the bottom. If they hold strong they'll be able to look back in a few years time and say 'while it wasn't the best entry point I'm still significantly up and I'm glad I did it'