The best time to buy at the bottom usually occurs when the market is in a real panic.
When the market is in a real panic, asset prices tend to be far below their intrinsic value. At this time, bargain hunters are able to buy high-value assets at very attractive prices. Therefore, investors should remain calm and wait for further market evolution in order to seize the real bargain-hunting opportunity.
Several time nodes of Bitcoin provide specific references:
March 2020: Bitcoin prices fell to a low of about $4,000, a plunge of more than 50%. Despite pessimistic market sentiment, massive economic stimulus plans by governments and central banks around the world drove Bitcoin's rapid rebound within a few months, and the price had recovered and exceeded $20,000 by the end of the year.
May 2021: Bitcoin prices fell to a low of about $30,000, a drop of about half of the historical high. Despite the panic selling in the market, bargain hunters and long-term investors quickly intervened, and the price of Bitcoin gradually recovered and exceeded $60,000 again at the end of the year.
June and November 2022: Bitcoin prices fell to a low of about $16,000 in November, reflecting a significant blow to market confidence in the crypto industry. Despite this, some investors still see it as a good entry point for long-term holding, and then the market gradually digests the negative news, and Bitcoin prices show signs of rebounding.
July 2024: The current market volatility has increased, but it has not yet reached a real panic level. Investors should pay close attention to market trends and wait for more obvious panic signals to appear before taking bottom-fishing actions.
Bottom-fishing operations need to be carried out when market sentiment deteriorates extremely and asset prices are significantly undervalued. Handover (Jun Yang): BNB 000789 At this time, bottom-fishing can maximize potential returns. #MiCA #BTC走势分析 #美国首次申领失业救济人数超出预期 #ASI代币合并计划 #美联储何时降息？ (Bitcoin and Ethereum early review strategy analysis from Monday to Saturday, long-term irregular recommendation of high-quality coins and live analysis)
