I am quite sad to see Bitcoin shrinking in value today as it is now heading to the $18K zone after fighting to stay afloat in the $20K level for some days. Now, the market is feeling some pressure and am sure there will be more reasons to go south further. The recent idea that the Fed is out to get Bitcoin has been producing the kind of effect it is intending to do. Now, of course, as what Bitcoin and crypto enthusiasts can be saying, this can be the best time to get into Bitcoin at a cheaper price...but of course people are concerned since nobody can be sure where can be the bottom for this dip.
How do you make with this latest development...a whipping development of some sort?
Crashing to the ground? I have read that sentence several times on various social media platforms about the bitcoin thing. But did the question really fall hard?
Whenever bitcoin really comes to the point where it falls a lot, many people are sad, worried, and afraid that they think the fall is heading towards zero value.
Sometimes you can just laugh at this kind of cryptocurrency trader, those who haven't learned how many times they've seen its value go up and down in the market. But in the end, bitcoin still dominates the market.
Also, if its price falls now, it's an opportunity for me, if I only have a lot of money I will buy a lot of it and hold it until it returns to the bull market. That's why I always buy according to the budget I have.