Bitcoin Plunge - Should I Enter Now?
Bitcoin dropped more than 10% yesterday. I'm not sure if this is a short-term correction or a trend reversal. I've been investing small amounts for the long term, and I'm thinking about averaging down if it drops further. Should I buy in now? Experts' opinions are split.
8 answers
It's tanking lol but it's a bit scary to get in now.
Experts' predictions are always divided. In the end, time will tell.
If it's a small amount, wouldn't it be better to just leave it? It could just be a short-term adjustment.
You might sink deeper while averaging down. Be careful.
Well, I'm not buying yet. I think it will drop more.
People who bought when it dropped 50% in the past are seeing a huge surge now. But this time might be different...
Don't get too caught up in fear. Looking at the chart, the support line hasn't been broken yet.
I bought Bitcoin three years ago, but it got cut in half, so I sold it. I recommend short-term trading over long-term investing.