Indeed, we should learn to analyze the chart first so that we will know if it is the best time to buy bitcoin since it is bear market now or we can expect a few more dip so we can buy it are lower price. We can also read Twitter tweets about bitcoin everyday, we can get some updates and news that will possibly affects bitcoin and other token in the market.

because there are many predictions from ordinary people and impromptu experts about the value of BTC, this makes the value of btc go down, if it goes up 4% he loses 8%, very sick. maybe this is the effect of predictions from many people plus fud which is getting more intense,
but if it's stuck there's no other way to wait for the bear market to come back

No one can know the bottom price of bitcoin including those big whales until the bitcoin price starts to rise so i think they also started buying bitcoin when bitcoin price fell more than 50% from ATH. I don't think they're afraid of a deep drop in bitcoin, they'll keep buying every time the price drops because it's in their favor. Large organizations holding bitcoins are not selling any bitcoins even at the latest ATH, they are long term holders and their goal is to own as many bitcoins as possible instead of like we wait to sell at ATH.

Late last year when the bitcoin price was above $60k I often heard people say they would buy if the price dropped below $45k, then I saw again people would buy if the price was $30k and if we don't buy now then I'm sure tomorrow or the day after tomorrow the price will skyrocket again and we'll say the same thing as above.

I'm loving the drop. Allows me to accumulate more Bitcoin, that I wouldn't have before. Since I'm in it for the long term, and to avoid trusting banks, I don't need the money I have saved up right now, and probably won't for the near future.

Most things in the UK are covered, like health related issues, so no additional unexpected costs, I'm debt free so that isn't a problem with the increasing interest rates. So, I'm just using this time to stack up more Bitcoin, and not too worried. I don't even check the prices of Bitcoin, and I've gone a fairly long time without. It's only now that I'm interested in what's going to happen with the looming recession I'm a little more up to date with the prices. Otherwise, the only time I see it is when it's posted here.

What I don't get is I know a few people who have been waiting for a moment like this, always talking how they'll invest if it takes a significant drop, and always talking about missing it years ago. Well, this is a pretty good opportunity to follow up on those words. You can see that the confidence around here has taken a hit, but there's plenty of us who are still remaining optimistic,  so optimistic that a lot of us aren't overly concerned at all.

Exactly. What people are saying it they wish they had the hindsight to invest at like 20 quid a pop. However, that's not going to happen, and they probably wouldn't have invested even if it was still that today.

many are waiting for the price of bitcoin to drop to buy bitcoin and now that time has arrived the price of bitcoin has fallen very deeply. this opportunity is very good to invest bitcoin.

well, the current market conditions seem to be quite bad. In no time, the price of bitcoin fell to another $28k. although this is a low price, and many people are targeting the current price, but it seems that many people are hesitant to buy because the price is still vulnerable to falling. however, this is a common thing. when the price of bitcoin goes up high and reaches ATH, people want to buy bitcoin at a low price, and when the price is low, people worry about the price falling even further. Personally, right now I feel that this is a pretty good time to increase our investment, but as we can see, market conditions are quite bad, it would be better if we collect information first before increasing the amount of investment.

My own buying price benchmark of bitcoin is $28K having analyzed the price action at that support zone, price often bounce back at that zone though the deep bearish sentiment of the market makes the price to always retrace to that zone again, it's absolutely unpredictable to determine when next massive pump in price is going to happen, however I do sell atimes at high to USDT when the price pump to $29K+ after some observations that the price might likely dump again while waiting for a pullback to the same support zone just like what is presently play out by the price, it dumped to 28K and pumped to $29K thereafter it started retracing back.

The best time to buy bitcoin is when you see its price continues to drop because not only you can save more funds but also you can accumulate more bitcoin that will bring good profits into your wallet when its price starts to surge high. Although you can't make sure if you did bought bitcoin at its cheapest price but if you use DCA, you will always take advantage of every price drop.