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.
You will always see bitcoin fluctuations in the market, the process of correction and recovery will continue at any time and can never be avoided. You already know bitcoin that's why it doesn't matter about price fluctuations, but it will be different if people who don't understand bitcoin.
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.
Most people rely on bitcoin as a long term investment and some use short term patterns. For the long term potential whenever you can take the approach to make a purchase, while the short term depends on how you want to profit. I think bitcoin can be bought in any condition according to the investment pattern you make, but most people use the decline process as an approach to buying.
There is a term market sentiment that occurs so that bitcoin has decreased, one of which may be negative news that is developing or there are other, more fundamental influences that cause bitcoin to be corrected and there may be many factors causing the decline that occurred. According to my observations today and yesterday bitcoin has returned to the recovery stage from the previous correction process, even today it is in the $24k price range.
