Instead of panic - people should look at this as an opportunity to buy as much as they can while the price is on a dip.
Those that are still on the fence should hop over and invest now - otherwise its going to be regret once it starts moving upwards again.
Personally if it dips to around 6K - I'm going to get a few more
It's great that you consider current levels to be an opportunity rather than an obstacle or negative aspect, but that's not how the majority of the weak hands look at the market, and probably never will.
Their logic is basic and very simple. If the market has been going up for a while, they see it as a healthy sign and something they want to be part of. If the market tanks, they think it's because of hacks, bans, etc.
In such a market they choose to rather sell at a loss, than to lose more when hodling. They don't understand that if you don't sell, you don't actually lose anything. The only thing that they see is a bad market signalling negativity.
This market has cycles. It's not for the first time that the price has been going down in the first months of the year. The peak of last year just makes everything looks worse than it in reality is. Another thing people don't see.
