As you might know, the price of bitcoin reached its lower point since last month.
Should those who want to buy more do it now or do you believe we'll see the bitcoin price get down a little more?
I'm not sure if you have heard of Grayscale trust, it was set up some years ago for some traditional investors that wanted to buy bitcoin, so Grayscale set up a trust for people to buy bitcoin and when bitcoin increased in value, the investors get profits from their shares and there equivalent amount of Bitcoin with Grayscale but since ETF has now been approved by the SEC after many years, they are selling the trust because traditional investors are moving to the recently approved ETF Bitcoin and that's why bitcoin is dumping.
I will called the sell off temporary selling pressure, by the time they are done with it and more people but bitcoin, the halving will kick and have more upside for Bitcoin as a new bullrun. So I will tell you to buy some bitcoin and hold even if there is no signal about that yet.
Some here were talking about rumours of BTC being purchased from Saudi Arabia, but well, that's just a rumour.
But people tend to panic and sell, so this might be the best moment to buy as much btc as possible. What do you think?
What do you mean Saudi Arabia will buy bitcoin, what's so special about it? If they are not making Bitcoin a legal tender then to me, it's useless because is just like any other regular investors buying Bitcoin and holding it. Even the US government has bout 2% of bitcoin total supply under their wallet and they are holding like normal other investors.