Hello dear friends.!😍
In the past few days, the Crypto market has been falling deeply. In my opinion, this deep reduction comes from statements from Elon and information from mainland China. But this is very normal news, the fact that Tesla has not accepted Bitcoin for payment is no bigger than before, Bitcoin previously did not have that and still exists. Besides, mainland China has had many bans against Crypto for a long time, banning related transactions does not affect the existence of Crypto. On the contrary, it helps other countries develop in that segment.
But why does this information make such a big impact on the market? Cause the market to fall deeply?
Perhaps the sell-off and panic have pushed the market down. These sentiments and actions are only available to investors who are new to the market, do not have a long-term strategy and do not have enough knowledge of Crypto. This makes investors became great prey of sharks. Indeed, I have great confidence that sharks are pushing prices down to hold. And the market will overflow in green after a short time, when new investors have no energy to pursue.
Large and long-time investors do not sell their Bitcoins at all. The act of selling occurs only by retail investors.
An example is Michael Saylor's companies holding 110K #BTC , haven't sold 1 #BTC and decided not to sell.
And yesterday, there was $750 million USD #bitcoin moved out of the exchange. Yes, we have given our possessions to the sharks & whale 🐳.
Now to end this post, I would like to go over some relevant information.
News 1: U.S. seeks to have cryptocurrency transfers above $10k reported to IRS - Treasury . Source
News 2: Fed will launch a broad discussion of a digital dollar this summer. Source
News 3: Bill Miller interview with CNBC: "If I like something at a higher price, I'd like it even more at a lower price... This #bitcoin correction is in line with the moves we've made. seen many times for bitcoin"
News 4 Elon says he hasn't sold and won't sell any Doge ... 😂😂😂😂😂
Wish you have wise decisions
RESTEEM this post I will respond with upvote on your blog. Upvote may not appear right away and hopefully your blog isn't empty :)
Connect with me on other foundation
🔥🔥🔥 Follow ME to get more interesting things in the future
