While you are scared, El Salvador keeps buying the dip every day.
it seems like El Salvador is taking advantage of the current market conditions and adding to their Bitcoin holdings. As of now, they own 5,700 Bitcoin, which is quite a significant amount. It's an interesting strategy and shows their confidence in the long-term potential of cryptocurrency.
anyways for now i'm happy about the halving and will be celebrating it with the Halving carnival Bitget exchange is organizing, who knows if i can win some free bucks and buy bitcoin too
what are your thoughts on this Anon ?
El Salvador is country with much huge funds willing to spare on Bitcoin. If I have unlimited source of funds through taxes of the country citizens then I won’t hesitate to purchase more Bitcoin because I can still generate profit consistently even if Bitcoin price plummet.
This is different for retail investors that has limited funds. A simple buy on the top while the price slide and remain low for long term makes our money sleep for a long time unless we cut loss. We don’t have unlimited source of income since we have other daily expenses needed to cover.
That’s why retail investors usually cautious when buying tokens even on dip since there’s always a chance that a follow up dip will occur.