Bad news is arguable =)
If you're a trader/speculator and you've got expiring long bets, sure.
If you're a DCA guy and you haven't met your target hoarding (hello, that's me), then it's more time and opportunity to get Bitcoin below $20k, knowing that's not going to last forever.
Topic: How do you interpret the fluctuation of Bitcoin price ? - page 5. (Read 505 times)
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.
In the long run yes because Bitcoin is deflationary and the demand is increasing. The current dip is due to the shit show happening behind the DeFi sector of crypto. This is the main disadvantage on running a ponzi on crypto and use bank to fund multiple DeFi project that is now collapsing.
In theory, Bitcoin shouldn’t be affected by this recent bad news but since crypto investors are dumb to panic on every news that is not related to Bitcoin. Market dump to an insane level due to fear. I don’t suggest to buy now but Bitcoin is a good investment in general.
News often plays a role in the ups and downs of cryptocurrency or bitcoin prices
Bitcoin investors must experience and familiar to digest news especially fud. It is easier to look at the past and say early investors are lucky but they don't know that over years, there are many news, fud that can shake your hands any time and it's really hard to hold your bitcoin.Quote
As the bad news in the market in these days due to which the price of cryptocurrencies and Bitcoin is constantly falling.And the risk of further market crashes remains.But people who have experience with cryptocurrency start buying in such crashes.Because they know that this is the best time to buy.
It's time to buy a dip but if you want to be sure, let's wait about 2 or 3 more days before you buy it.If your plan is DCA, today is good enough for you to do it rather than days ago when Bitcoin was traded about $24,000 or $25,000. If you are DCAing, I don't think buying Bitcoin today or next 3 days will be big matter for your consideration.
https://dcabtc.com/
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What do you think of the recent drop of Bitcoin price ? Please share your views.
News often plays a role in the ups and downs of cryptocurrency or bitcoin prices, As the bad news in the market in these days due to which the price of cryptocurrencies and Bitcoin is constantly falling.And the risk of further market crashes remains.But people who have experience with cryptocurrency start buying in such crashes.Because they know that this is the best time to buy.Because this investment can give them huge profit for midterm and long term,Because any good news can cause the market to go back up.So always keep an eye on global news if there is good news coming then entry into bitcoin or crypto currency can prove to be the best.It seems that Bitcoin will bounce back from the support of 18500 and if it breaks the support then it can touch the support of 15500.
Its always fud on the table as far as the market goes. Many projects are gonna swing a lot of down dip movement due to btc crazy drop. Altcoins are the one bleeding in this kind of scenario and its due to btc. Also consider those whom going out into fiat and add those panic sellers on the reason and definitely experience a nightmare on global scale. Seeing it below 1trillion is really worse, and we can see stocks also declining means theres something wrong with the system and not just bitcoin alone.
mixture of silvergate banking drama of some exchanges.. (people withdrawing fiat )
and also futures market bets
and also futures market bets
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.
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