Post
Topic
Board Speculation
Re: Is Hong Kong Bitcoin ETF Responsible for Recent Bear
by
Frankolala
on 01/05/2024, 15:55:34 UTC
The price correction is a norm when it comes to bitcoin price movement, especially now that the halving event is over. I believe that what happened in 2017, is what we are seeing here, when after the halving, the price of bitcoin dips before it pumps again.

Hong Kong bitcoin ETF approval is not the cause but just nature taking place with the way bitcoin was designed to be volatile. The current dip should be an advantage for us to buy more Bitcoin and stop worrying about what caused the dump, because in bitcoin when there is a pump or dump people relates it to an event that is happening or that just occurred, which is not true in most cases. The dump is to help the price of bitcoin go higher than the highest price which we saw as 73k before the halving.