A declaration by Binance CEO- CZ
I cant agree more with this man, when other people are busy shouting "Bitcoin is dead", CZ is saying that that is the best time to load and reload your Bitcoin bag, every dip is a buying opportunity but its rather sad that many people dont understand this, they want the price of Bitcoin to just keep going up and up, this is not possible because what drives the price of Bitcoin is not some algorithm but people, real people, its just like in a debate where majority carries the winning vote, your action on the Bitcoin market determines what your vote is, you buy, your vote goes to buy and the higher the buy votes, the higher the price goes.
On the other hand, you sell, your vote goes for sell, and the higher the sell votes, the lower the price goes, then the good news is that the lower the price goes, the higher the opportunity to cast your buy votes because at some point, the buy votes will always go way higher than the sell votes which means price will go really high and then you who casted your buy votes when every other persons were casting a sell vote (thereby dragging the price down), will get to make good profit.
CZ is right, and its certainly proven and tested for a decade. Every time the people claim that bitcoin is dead, or bitcoin is going to collapse, along with it is also a great opportunity to invest. Since the best time to buy is when we see potential coins dropping their prices until they reach the bottom. Sadly, not all people realized the fact that the biggest crash in the market is always the best time to buy. Some chose to still sell their crypto and left the market, when they can start building their wealth when there is bitcoin is dead headline.