Categories: Bitcoin

Bitcoin: Is Current Decline a Good Opportunity to Buy Dips?

In the current bearish landscape, Bitcoin is likely to enter a “crypto winter,” a period of sharp declines followed by a prolonged period of stagnation. When the same thing happened between 2018 and early 2020, the crypto market was finally able to recover and grow faster.

Warren Buffett, “The Sage of Omaha,” once said, “Be greedy when others are fearful and be fearful when others are greedy.” Given the “Buy Dip” message spreading around the community, is this an opportunity to do so?

Speaking of opportunities, recently popular analyst Kaleo tweets that the current time is a good opportunity to buy, despite growing concerns in the cryptocurrency market.

He urges his followers to “keep collecting” and not to miss this opportunity. It all depends on emotions; If you see the current market correction as an opportunity to buy more at a discount, general sentiment no longer matters. In this regard, Kaleo repeated:

“If you don’t believe Bitcoin is dead, then this is called an opportunity.”

Source: Twitter

Despite the difficulties, this isn’t the first time Kaleo has offered its optimistic approach. As mentioned earlier, he predicted that Bitcoin would outperform technology stocks and exceed $ 100,000 in the long run.

Other crypto speculators also joined this “buy dip” group. Not long ago, Lex Moskovski, Chief Investment Officer at Moskovski Capital, saw a sharp drop in prices as a good time for HODL.

“The deviation between the BTC price and the stock-to-flow model is at the highest negative level ever in the history of #Bitcoin.

This is a great buying opportunity if you are a fan of this model. “

Another Bitcoin proponent tweeted:

“Buying #Bitcoin is now risk-free. Now miss the opportunity to buy Bitcoin, very risky. Collect when others are afraid! ”.

The billion dollar fund manager Jeff Gundlach, on the other hand, is approaching the current market decline differently. The “Bond King” predicts that Bitcoin price will drop below $ 23,000. “Bitcoin’s chart looks very dark right now,” he added:

“It looks like a big bearish head and shoulders pattern.”

SN_Nour

According to Aambcrypto

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

CoinX

Recent Posts

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

1 minute ago

Cosmos Developer Interchain Foundation Sold 3000 ETH Today

Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…

50 minutes ago

Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance

George Town, Grand Cayman, 22nd November 2024, Chainwire

1 hour ago

Inflation Warning By Vanguard Amid Tariffs And Labor Issues

Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…

1 hour ago

Clanker Token Trading Volume Hits $59.8 Million High On November 21

Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…

2 hours ago

Bitcoin Spot ETF Inflows Hit $1 Billion Led By BlackRock

Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…

2 hours ago

This website uses cookies.