Who Sold The Dip?... Cuz I Know Someone Who Bought It

6 mo
LeoFinance
2 Min Read
470 words

99.9% of the crypto heads on twitter are in disbelief right now... Their favorite asset class is "acting shady", meaning that it doesn't follow their "well nailed" patterns based on previous past performance. Good luck trying to apply these old strategies on crypto, at the level its got!

You wanted volatility, here you have it!

Bitcoin managed to fall from around $57k to $43k in a matter of hours, with basically no black swan event triggering it. Just coins trading hands and liquidating positions on leverage traders. "$1.05B Bitcoin positions liquidated in the last 24hrs".

Nice

Let the games begin... And they actually did. As Nayib Bukele, the president of "The Bitcoin Country", El Salvador, added 150 coins to the nation's treasury at an average USD price of ~$48,670. This man knows how to buy the dips, I bet he's an inside trader :D.

He seems to be in a competition of a sort with Justin Shit(Sun), from what I noticed on twitter. The shithead who screwed Steem has bought 100 coins as well during the dip. Would you have imagined back in 2017, that four years down the road, 100 Bitcoin would be worth close to $5 million?

chicagoboothstockmarketcrashcbr.jpg
image source

Nope?...

I guess, that if nobody could have imagined Bitcoin that high, is the exact reason why nobody knows what has caused the dip. Exchanges probably have a clue, but the rest of us plebs are clueless, thus staying humble and BUIDLing is way more productive than leverage trading and loosing tons of money.

Or you can blog on Hive and earn a crypto or two, instead of panicking. This attitude was inspired by @fredrikaa latest post. Why worry, when you can keep on earning aaaannndd BUIDL.

HIVE has managed to handle the dip quite decent imo, just about $0.30 loss from yesterdays dollar valuation. That makes me think that once money is back in the market, as I truly believe it will be, HIVE will reach $3 in no time.

@mindtrap has analyzed the current crash more in depth and had a tweet earlier saying that BTC looks oversold on almost every time frame you look at it. Yes, loosing $10,000 in dollar valuation over night makes Bitcoin still highly volatile.

But that doesn't mean it isn't a safer bet than fiat on the long run. My personal view is that we won't enter any bear market any time soon, it's just that I don't know if we will have a blow off top in December, or any time in the following months. I honestly don't even wish for that to happen. I'm happy with a steadier more healthy growth than the past swings we had so far.

By the way, how are you handling the mini bear market?

Thanks for attention,
Adrian

Posted Using LeoFinance Beta


Let the games begin... And they actually did. As Nayib Bukele, the president of "The Bitcoin Country", El Salvador, added 150 coins to the nation's treasury at an average USD price of ~$48,670. This man knows how to buy the dips, I bet he's an inside trader :D.

Lol!!!! You know, I noticed that too. Whenever there's a huuuge correction like today's, the news that Salvador bought the dip is always there! Hahaha


I don't think that this is going to develop into a bear market either... buuuuuuut i'm still trying to figure out what to expect out of crypto winter. I wasn't liquid today to buy the dip, so I'm just trying to keep calm and that's it, but i'd like to sell some position before the huge correction.

Any thoughts on this??

2

This man sure knows how to buy the dip. If any bear market at all, then we had it since April.

Posted Using LeoFinance Beta

1

I bough some BTC, just because I had open orders below 45k 🤪

1

When did you set these?
I bet they weren't fresh.

Posted Using LeoFinance Beta

0

by Mid September I think

1

Just waiting, we are still relatively early.

1

Indeed.

Posted Using LeoFinance Beta

1

https://twitter.com/AdrianPapava/status/1467125256603279360
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

0

HIVE price up I do what I do.
HIVE price down, I do what I do.

It does not change.

Keep building regardless of what markets are doing.

Posted Using LeoFinance Beta

1

Same here for the past three years or so.

Posted Using LeoFinance Beta

0

Nice analysis my bro. Interesting that El Salvador was ready to hit buy. I bought some SPS, still liking that staking percentage. Keep rockin you animal.

!LUV dat !PIZZA

2

El Salvador knows how to buy the dip.

Posted Using LeoFinance Beta

1

PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
@captainquack22(2/9) tipped @acesontop (x1)

Please vote for pizza.witness!

0

This post has been manually curated by @steemflow from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

0