Quote from: MCobian on Today at 10:22:10 PM

Quote from: AmoreJaz on Today at 10:08:15 PM

Quote from: SquallLeonhart on Today at 08:06:02 PM

I still do not get why that drop happened. I mean the only "bad" thing that has recently happened is the fact that Tesla doesn't accept bitcoin, that is not too bad is it? I mean how many people did actually went with that? Surely some did but I doubt it was a huge number, and they even said that they are still supporting crypto, they are just not accepting bitcoin which is another way of saying "we can't legally keep accepting bitcoin" and nothing more, if they didn't like bitcoin they would have sold their purchased ones as well.

Long story short this dropped never made sense, but I am quite happy about it, this allows us the long term holders to keep buying more and then we can sell when our portfolio reaches a level where we feel like we do not need any more money, that is a quite good investment situation to be in, buy low and sell high.

some people panic even with this simple tweet. most of them are newbies that bought bitcoin at a high price. but for those who are here long enough to see the market movement, this will be a good opportunity to buy more and be ready for the next price rally.
but this level - $48 to 50k is still very good price for btc. if you look back, we never had this price in previous years, only this year. so we can't say that we are already in bear season if we compare the market today from previous years. the support above 40k is still strong. Elon will not destroy the btc market with those tweets. anyway, they are still keeping btc, it is not that they are selling their btc stash.

In fact, the current price of Bitcoin at $ 48k is still high, we shouldn't panic to see Bitcoin price drop as it is now. And don't focus too much on
Elon Musk tweets, because I believe Elon Musk wants to buy Bitcoin at a cheap price, so he made negative tweets. I agree with you the decline
in the price of Bitcoin now, it should be an opportunity to buy more Bitcoin, because I still believe the Bitcoin price will go up again in a few days.

Not only you who do believe but majority of people here on the community does really believe into its potential.It might correct its price due to some factors but it would eventually
recover later on.

I do also have the thoughts that these kind of fundamentals are just happening just to try to suppress the price down for those big players do able to enter on cheaper price.

Its true that it would be much better if people arent really that mindful or been thinking too much nor getting affecting theirselves when it comes to tweets and other sentiments.