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.
Bitcoin is an appreciating asset in long term, with high volatility in the short term.
You will see the price moving up and down since the entire world is buying and selling 24/7 for many different reasons.
But, at the end of the day, every roughly 4 years the new batch of Bitcoins produced is halved, so that means there's less Bitcoins moving around for the people that want it.
Even assuming the same amount of people want to buy, this means the price will go up.
And the thing is that over time, there's always more and more people interested in becoming free of fiat.
Eventually, the price will just continue to go up over a long period of time.
So, it doesn't matter too much when you start, but for how long you've been accumulating(saving) your money in Bitcoin.