El Salvador Just Bought Another Dip

Another Black Friday came like a second chance for some people especially the president of El Salvador who just bought the bitcoin dip. Bitcoin had a massive dip, fell to $42k, wow!!! Welcome to bear market are in order right now. All the coins are in a critical dip and am feeling bad for those people that bought at the top. Well once again, this is crypto where anything can happen, this is the reason I love setting a “buy the dip” money.

source When I saw the tweet from the president of El Salvador, for a moment I forgot Bitcoin is the country’s legal tender now, the question I asked myself when I saw the tweet was ,”is this man a president or a crypto trader” then I remembered he is only piling up his country’s legal tender.

The difference between the current price of bitcoin and the all time high is really large. $22k difference in price, funny to see that that’s the difference. Well expect some bitcoin Marxist to start tweeting and talking about how they bought the dip, especially the bitcoin massive spender Michael Saylor. Now that Nayib Bukele has bought the dip, do you think that bitcoin will keep or he should have waited a little. Well no one knows because no one knows how the market is going to move except the big boys that add and remove liquidity.

The total crypto market cap is currently drowning in dip, what do you expect when bitcoin has more than 40% dominance. People are converting their coins to stable coins , that’s the reason I checked my CoinMarketCap and saw only stable coins as top gainers. Bitcoin really performed really great this year sad to see that it wants to end the last month of the last quarter of the year with a heartbreaking dip.

Bitcoin just took us back in time in terms of price to where we were in august. Does that mean that we are going to be seeing $30k soon? Most coins that were bitcoin dip rebels the last time succumbed to Bitcoin’s sadly. My portfolio is in a big dip having a more than 20% decrease from the last one.

Well, kudos to Nayib Bukele, he should get his dollars ready to buy more dip because it’s going to be long red wick for bitcoin soon.

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