History has always repeated itself in Bitcoin on the 24th of September 2017 when the china central bank ban Bitcoin/cryptocurrency, a move that sees the price of Bitcoin crashing deep before it recovered after 3 months of struggle to hold its resistance. On the 24th of September 2021 news still, fly around about china banning crypto, which turned out to be rumors and false development that see the Bitcoin price dropping to $40,675 before it gradually rises back to 41k.
Whether the news is true or not, why would you let the FUD get into you? We know better. They have been doing this for the past years already and they are doing it again. This kind of event triggers the bearish market for bitcoin but that doesn't necessarily mean it would just stay in that low position and would never bounce back. In contrast, this kind of event just makes the price value and potential of bitcoin even stronger. Every time China fuels FUD, bitcoin always recovers stronger than the trend it was seen before on the market. Let's just use this opportunity to buy the dip and not worry too much most especially if we are here for the long-term aspect.