Looks like we needed to do a bit more buying!

in bitcoin •  3 years ago 

Bitcoin Day hasn't turned out to be so great...

On the same day that bitcoin goes live in El Salvador, the price is crashing.

Coincidence?

Nope.

This is most likely happening because people are getting free bitcoin in El Salvador and dumping it immediately, plus there are probably some whales who just want to see the volatility so they saw an opportunity to push it down and they did.

Here's the chart:

image.png

(Source: https://twitter.com/CryptoWhale/status/1435259517776842752/photo/1)

When I saw the $43k touch I was trying to login to my account and do some buying, but the bounce was so fast that by the time I got logged in the price was already back over $46k...

Tough to buy the bottoms!

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Thank You for sharing Your insights...

I was able to buy both btc and doge at the bottom spike. It was awesome. Right place, right time...