Post
Topic
Board Speculation
Re: Is Bitcoin price drops is a buying opportunity?
by
FanEagle
on 21/05/2020, 15:59:58 UTC
Bitcoin (BTC) price abruptly dropped 4.9% from $9,800 to $9,324 after rejecting at a key resistance level again, is it a buy the dip opportunity?  Huh
Every single bitcoin drop has been a buying opportunity, it has never been anything else. Look at why bitcoin dropped yesterday, some dude from way back has came back online and sold the coins he mined on the early days, it was so early that people thought it was satoshi himself who did it, and nobody questioned why would satoshi come back to only sell 50 bitcoins and leave.

It has been the most influential 50 bitcoins sold on the market, normally you could sell 500 bitcoins and still can't drop the price this much but it had sentimental reasons to drop so with 50 bitcoins we are so much down. What came out of it? Nothing. So, now bitcoin will recover because that was unnecessary excitement over nothing, wasn't a big deal so we are going to simply go back up now.