I saw Bitcoin drops 3k$ in a day and expert says that it is all because binance restricts access of Chinese users. more negative news in relation to China will drop the Bitcoin price down, but I think bitcoin will soon recover just like before, what was your opinion about this 3k$ dropped of btc price?.
$3,000 drop is nothing, literally nothing in terms relative to the current price. After what we saw in May this year, a $3,000 daily drop is barely worth mentioning. Sit tight & strap in, the next few months are going to be very exciting.
Just this month alone, is already exciting, $60k is almost there, and then $70k and then $100k.
Again, as for the drop of $3k, yes that is nothing, so I don't know why we still reacted to that kind of movement. We've seen worst and all we can do is wait for the price to hit the bottom, then we buy, hold, easy peasy. So relax OP, everything look bright right now, wait for the biggest break out once we reach $60k again.
I think we can be patient until the price can reach $60k, $70k and $100k because the bitcoin price will be there soon.
I do not think that the bad news from China will affect the crypto market for a long time because crypto will find a way to lift the price and back to the high price.
Meanwhile, we have been allowed to buy many coins at a low price from this correction so we must use that for our benefit.
We will not regret buying it right now, especially if the price increases in the next week.