Dear whales,
If you let the price drop that low many people will lose their confidence in BTC. So you would rather lose millions of new people getting involved in crypto and driving the price up to 2k-5k-10k only so you could get a few cheap coins ?
It's like losing $1.000.000 just to make some quick $100. Think about it
That's not how btc works. Nobody 'lost their confidence' in btc when it dropped from 135 to 66 in June (after 266 ath). Hedge funds started buying it. It rocketed to 100. then 140. then 220. then 1250... It can happen again. Heck in 2011 it recovered after dropping from $32 to $2. As soon as the trend turns back up then suddenly everyone is bullish again. If you let the price drop that low many people will lose their confidence in BTC. So you would rather lose millions of new people getting involved in crypto and driving the price up to 2k-5k-10k only so you could get a few cheap coins ?
It's like losing $1.000.000 just to make some quick $100. Think about it
