I think, I will still embrace this opportunity when money enter my hand soon because it look like the price of Bitcoin will still return back to $20,000 before the real bullish will start flowing for the long term investors and short term investors to start making what they have not make before in their investment. It was a shocked to me this morning when I saw the new price in the crypto market, because I thought that the price of Bitcoin will not decrease more than $40,000 before the real bullish will begin but what I saw now show that another bearish will still roll in the market before the bullish will start fully.
It is suspected that the recent drop in price is caused by the selling of about $2 billion worth of FTX's bankruptcy estate by Grayscale Bitcoin Trust (GBTC). I don't think the price will drop to $30,000 because more investors are still putting money into Bitcoin. I suggest that anybody who has the money shouldn't wait but they should start buying because this is a golden opportunity. Nobody can perfectly predict how the market will turn out during and after the bull run. But just as everyone has recommended, the DCA strategy remains the most effective means to invest in Bitcoin. It makes investing convenient and less risky.
After investing, if the market condition starts dumping, you must buy and hold the coins at that time from which you can get profit. If we see different coins, we have to choose some good coins from which we will have less risk of loss by investing. Investing cannot always be assumed to be profitable while losses must be accepted immediately otherwise you will never see success.
Long-term investors don't need to worry about the temporal movement of the market because they have already projected when to sell. It is generally believed that the price of Bitcoin might get to ATH a few months after the halving, I think this should be the target of long-term investors. There are no standard criteria to measure a good altcoin, so we have to be careful when investing in these coins.