First, I want to tell you that this is not financial advice and not an advice to buy crypto as I am not a financial advisor and not a professional investor. I am just an average Joe who loves crypto space!
Bitcoin crashed to below $50K level. Crypto, like Bitcoin, is very volatile. Many of us were already aware of this, but we forget this while market stayed stable. And then when quick crash happens we recalled that 'oh yeah this is a hyper volatile asset'.
Knowing that it is volatile which can drop and rise significantly, I set my psychological level of the price that I feel comfortable to enter, which I think it may reach again even if the price drops further, and I seriously think if I want to add more position if the price goes below this level. Can the price further drop from here? Sure. Will it recover to the past highs we've seen? I don't know, but if it ever goes back to past highs again even in next 1~2 years, this means good return to me. In the end, I am only putting a small amount of which I don't need to use soon so I can hodl for at least 1 year or more.
So I decided to add more crypto position at this point. Finger crossed and hope cryptos recover back soon!