Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Pagla on January 21, 2022, 07:06:57 AM
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“Buy the dip” slogan fades away as the majority of investors have either already bought the dip or left the markets
The velocity of BTC has dropped and stayed below 0.035
Amount of Hodled coins hit one-year highs
El Salvador’s president, Nayib Bukele also misses out on the recent dip
Bitcoin, the king of cryptocurrencies has tumbled down and is currently in a gully where it’s price has plummeted since the beginning of this year. However, in times of a crash, the general trend that follows between crypto enthusiasts & investors is to “buy the dip”. However, a report from Santiment states otherwise.
“Buy the dip” or “brought the dip”
Data & research from Santiment analyzed the calls & chorus around use phrases like “Buy the dip” or “brought the dip” and it was found that most enthusiasts had already brought the dips before the token hit its lowest price levels in Dec & Jan crashes.
The trend of buying the dip reportedly weaseled out during the initial days of January, when BTC was in minor rallies as the token began to see its much hindered $50,000 levels. However, the token later crashed by a mile indicating that people had already brought the dips between $46K-$49K levels.
More Information (https://cryptonews.net/en/news/bitcoin/3050953/)