Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
big oof.
Do you guys think this sell-off is result of giving 6.45 Million people $30 USD in BTC each? I would say the dump was a panic selling of the El Salvadorian people + panic selling of whales expecting the El Salvadorians to drag down the price (because out of a population of 6.45 Million people, most would obviously either fear crypto, not understand it and/or not wish to leave it unspent?)
If I was poor, living in a third world country and the government gave me free money if I
downloaded some strange app on my phone, damn straight I'd sell it right off the bat and get my familiar American fiat dollars to pay a bill or two.
I seem to recall doing something similar back in 2017 when there were numerous shitcoin airdrops.
Only difference was I converted it all to BTC (and some pms) rather than $fiat.
No worries, ateotd, in the BTC theater, its all just noise.
GO BITCOIN
Lol the people who don't understand the deflationary nature of BTC and sold are going to be bitter once this dip is quickly eaten up again... Nows the best time to buy I would say.