Post
Topic
Board Bitcoin Discussion
Re: The fall from 65k to $30k was the best thing to ever happen to Bitcoin
by
JayJuanGee
on 04/06/2021, 16:33:52 UTC
Interesting.
But nothing is lost if you know how important a secure decentralized finance is. The price went down but the value remains strong.

Sure, many of us appreciate that the value of bitcoin remains strong in spite of these various dumps that seem severe at the time, and perception of ongoing value seems to be part of the reason that there are limitations in terms of how much dump can be achieved and how long the BTC price can be kept down.

There are going to be ongoing attempts to push the BTC price down, but questions remain whether they will be successful because for sure we know that there are some who have goals to push the BTC price down as far as they can and to keep it down as long as they can, but at some point they run out of ammunition whether it is more coins or more FUD,.. and just are no longer able to change the UP momentum.. and we surely seem to be in an ongoingly UPward pressure time, in spite of signs to the contrary.


I think it's good to see the community/people buying those dips rather than having the whale do it. Better to have the coins supply in the hands of thousands/millions of people rather than in hands of the few.

Perhaps you are correct that more retail are buying at this time.  It can be quite difficult to know who is buying because surely some retail has gotten scared out of their coins and scared from getting into BTC.. It seems to me that institutions and richer folks could be accumulating behind the scenes and we cannot really know for sure who is buying exactly.

In the end, not even bitcoin gives any shits about who is buying or not.. and sure there could be some inclinations towards skewed acquisition, and we know that it is better for smaller players including poor people to get some BTC.. but really difficult to imagine that a lot of them are doing it..