Post
Topic
Board Economics
Re: $175 billion just printed and the Bitcoin price goes down!
by
kapalmabur
on 27/10/2019, 14:31:19 UTC
We cannot be decieved by such things. We should take precautions whenevet this instances occurs so that we can protect our investment. It can actually be a bear trap so we should be always mindful with our decisions and always avoid selling your bitcoin just because its value went down. We just need to be patient, things will get better as time passes by, the price will recover soon so we should not be too excited about our profits.
When I see bitcoin price dump, I usually don’t panic myself at all because I will check the market to see that there is no fud news that has made such dump to occur, and in a situation where you don’t see much fud news, we should have already known that this is a whale trap which the thing we should try to do more than is more of purchasing.

I see that people actually have known this, and they will not panic sell anymore and because they have caught the strategy of whales already, this is why they decided to hide under bakkt to crash the price, thinking that majority of us would feel the crash was as a result of bakkt release and start panic selling again rather than buying, but even with that, I still ended up buying more of bitcoin to the best of my financial status.
right now BAAKT shows their volume is increasing, this is good for bitcoin, but not good for altcoin,
I only have a little bitcoin, and a lot of altcoin, if bitcoin still shows signs of bullish then altcoin will go down again and again