Yes indeed. I believe this is the last time bitcoin is falling, we wont see such huge falls in crypto in future. The main reason of this fall were the scams due the shit coins. However the rich and strong are buying because they know very clearly that this fall is temporary and bitcoin will regain its value and will prove to be a good asset in future. So keep Hodling your coins, your grandchildren will be proud of your prudency someday
For this week or month maybe, but next month or so, the price will decline again. I am not saying that I am not optimistic anymore but I am only saying the possibilities here because bitcoin is not a stable coin you know. And I don't think the main reason for this dip is the scams going around because if we think about, there are also scams that are happening before but why the market seem to be not affected with it?
It's just that scams have happened while we are currently experiencing a bearish run, making it appear that it was the reason for this drop. Yes only the strong will have the guts to invest but not totally the rich. Poor person can still afford to invest a little.