HSBC’s online trading platform, HSBC InvestDirect, has started to disallow their clients from investing in MicroStrategy stock because it is HODLing Bitcoin, which goes against its “policies on virtual currencies”. A mistake in my opinion. They should embrace the future, not reject. Kodak, Blockbuster, and HSBC.
What does that have to do with buying the dip, Wind_FURY?
I’m merely sharing information/opinions, both collected and learned in the topic.
Are we going to have more dip or not? Is this the dip that we should be buying? Or maybe we should have bought when the BTC price went down to $55,442 a couple of days ago.
Personally, I believe dips are still for buying, but to friends and family that I have forced, almost, to buy Bitcoin BELOW $10,000 a year ago, I tell them be careful because it’s not the ideal situation from a psychological perspective. They should commit.
You standing by your most recent assertion (after being wrong a few times) that BTC is never going below $50k again.. Surely we had a close call on March 25 when BTC prices got down to $50,360.. so in retrospect (always easier to see in retrospect) that surely may have been dip worth buying.
I said $50,000 is the “new $10,000”, THEN I said that Bitcoin will never trade below $50,000 again. If you got the context you would understand that I was teasing the trolls/big blockers/nocoiners who laughed at the people who said that Bitcoin will never trade below $10,000 again.
Actually, I would like to point out that for me, it is a bit surprising to spend quite a bit of time in the $50ks.. and largely we have been in the $50ks since about mid February, even though we did have a bit over a week of correction below the $50ks in late Feb and early March.. but it still remains a bit surprising to me to be spending so much time in BTC prices that are largely in the top of the range without any longer term consolidation that comes after a meaningful correction of greater than 15%.. so we keep bouncing back to consolidating in the top of the range, which seems like something that bitcoin generally does not do... but whatever, what do I know.. just an observation in terms of trying to figure out how much of a dip should be considered as a dip in order to buy for those who are waiting.. and sometimes we do know such dippenings when we see it, but sometimes it is difficult to know when the dip is enough or if there is going to be more dip.
It’s also not something “a Bitcoin ready to start a bear cycle does”. Shower thought, what if we knew what price/how low Elon Musk placed bids?