Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
So, BTCitcoin fell to 20K as some were hoping for. But what was the reason for that. From what I've read in https://www.zerohedge.com/markets/great-celsius-implosion-what-went-wrong-and-how-much-more-will-bitcoin-drop it is another imploding "blockchain" company.
It went down as low as $20,800 and right now it bounced back to the $22,300 price range.I've heard the crypto lending company and thought of investing into it, but fortunately I dodged again another bullet just like with Terra
. That's one reason only and there are many reasons as well why Bitcoin dropped as of today.So, we need to cut off the cancer ASAP. People have to withdraw their funds and invest properly in BTCitcoin. After that I'm quite confident BTCitcoin will start recovering.
It's easy to say, but people will not invest into Bitcoin because they have a mindset of "Ohhhh it will go down even further. I will wait until it will reach the bottom, then I will invest" or a mindset of "I don't want to lose money and I believe it is still going down therefore, I will wait".