follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: In states of extreme fear, Bitcoin’s “Buy the dip” crowd shrivels  (Read 1132 times)

Offline Pagla

  • Member
  • *
  • Activity: 135
  • points:
    4682
  • Karma: 8
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: February 18, 2022, 09:24:10 AM
    • View Profile

  • Total Badges: 10
    Badges: (View All)
    Second year Anniversary One year Anniversary 10 Posts
“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

Altcoins Talks - Cryptocurrency Forum


For Monthly biddings Check Here


 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod