Market Returns Red and it looks like we will enter a difficult period again, many associate that trends every 4 years are repeated again in 2022, if 4 years ago the price of Bitcoin from the ATH $ 19K position to $ 3500 or dropped more than 70%, but I hope the price will not drop too deep.
We have been in a bear market since the beginning of the year but it seems that now the drop is more obvious so a lot of people are starting to panic. A lot of people believe bitcoin will not drop below $30k but the way the market works when a lot of people think it goes up it goes down and vice versa. Instead of expecting bitcoin price not to drop anymore, I think let's take the opportunity to fill our bitcoin pockets, bitcoin will definitely rise again after the down days.
A good opportunity to fill a bitcoin wallet at a decent price, I also believe that when the bitcoin price drops a few days like today then a price spike will occur soon, if we want a short term investment then buy now and then sell in a week then I'm sure we can at least 10% profit.
I don't think this is the right time for us to speculate in the short term, it's too risky. Although the market is unpredictable, I think bitcoin will continue to drop and not stop yet.
This is the right time to buy and accumulate long-term rather than surfing. Bitcoin is trading at around 32.8k and I think bitcoin will not take too long to hit $30k. The market is panicking and dumping is happening for new investors, bitcoin will definitely rise but not now, be careful with the market.
Where now the market situation is very bad, where the price of Bitcoin continues to fall, even the price of Bitcoin is dropping quite fast.
Bitcoin is currently at $31k, and we shouldn't panic about the current situation. We have to believe in the future of Bitcoin, so what needs
to be done when the price drops like now is to buy more Bitcoin. And don't even think about selling your Bitcoins at low prices, because after all
Bitcoin has been proven to always be able to recover when experiencing a decline. Even the lower the price of Bitcoin falls, it is very possible
that the next Bitcoin increase can be higher than the previous price.
So don't let us regret missing the opportunity to buy Bitcoin at low prices, but it is highly recommended to buy Bitcoin for long-term investment
in the current market situation. And I agree the price of Bitcoin is very volatile right now, which means it's not the right time if we want to make
a short term investment, the risk is too high in my opinion. So it is safer to collect Bitcoins for long-term investments.