I have yet to hear an explanation that makes sense to me as to why the market is dropping the way it is--just like most explanations don't really explain market movements in general. It is what it is, and the crypto market does this from time to time. If you're like me, you're thinking that now would be a good time to buy (bitcoin, at least).
People were complaining about the market trading sideways for months and now that it made a movement, (some) people are freaking out. I have plans to spend my sig campaign earnings this week, so the drop is a little disappointing if the price stays in the $5000 range, but I've come to expect stuff like this.
Yes.I also think that this time would be a perfect time to buy more cheap bitcoins because eventually,the price will increase again maybe early next year.
My man. And if I had any extra cash to invest right now, I'd be buying. Unfortunately it always seems like when bitcoin tanks, I'm all out of spare cash. Props to the rest of you who think this way and have the money and cojones to buy in right now.