The CFTC is suing Binance CEO Changpeng Zhao (AKA - CZ Binance) and bitcoin plunged $1,400 immediately after the announcement. Michael Saylor bought more bitcoin and bitcoin fell. This is all normal market movements, the price always falls right after you buy. Saylor just buys more so the price drops more and on top of that the whole CZ thing just adds more dip to the dip. DONT PANIC - ZOOM OUTyes it looks bad today but we were here last week and the price came back and three weeks ago bitcoin was below $20k on the three month chart we can see that bitcoin was only a bit above half of todays price and if we zoom out a little more.... never mind this one, I zoomed out to much. anyways the point is, Don't Panic - the price will go back up eventually. [link] [comments] |
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