Seeing red? FUD that! Here's what you should have bought instead of Bitcoin l...
Where Bitcoin leads, altcoins usually follow — but the smartest crypto traders manage to turn BTC dips into buying opportunities. We’ve argued many times in the past that the correlation between Bitcoin’s price and the market capitalization of hundreds of altcoins makes very little sense.Whether you buy into the idea that Bitcoin is digital gold, or a payment mechanism, or both, it doesn’t have a whole lot in common with Ethereum, Shiba Inu, or FTX’s native exchange token.Well, whether we like it or not, big moves in the price of Bitcoin define crypto markets.Before Bitcoin slid from the....
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There were expressions of how the boat had been missed terribly when clearly the opportunity was there. The trending cries have been "I should have bought more." Cointelegraph decided to look into whether the members of the crypto community are afflicted by the "I should have bought more" syndrome. Their feelings were a mix of procrastination, fear and a lack of belief in Bitcoin at the time. Wait and see. Joe Shepherd, a Pagosa Springs, Colorado resident believes that he missed the boat because of procrastination. "I wish I had bought 100 coins when it was $40....
Cathie Wood, the founder of Ark Invest, bought the dip this Tuesday when Bitcoin prices tumbled below $30K. According to reports, Ark acquired more than one million shares of the Grayscale Bitcoin Fund. The company also bought more Coinbase shares. Wood has a positive stance on crypto and keeps predicting Bitcoin will reach a long-term price of $500K. Ark Invest Purchases One Million Shares Dips are for buying: that’s the popular saying in bull markets. And Cathie Wood, founder and CEO of Ark Invest did just that. According to reports, Ark took advantage of the price dip to acquire....
El Salvador has doubled down on its bitcoin commitment despite a heavy sell-off in the crypto market. The country has bought 80 more bitcoins, according to Salvadoran President Nayib Bukele.
El Salvador Bought the Bitcoin Dip
The president of El Salvador, Nayib Bukele, announced Thursday that his country has bought 80 more bitcoins. At the time of writing, BTC is trading at $20,323. It fell to a low of $18,784 shortly before Bukele announced the purchase. The Salvadoran president said El Salvador bought bitcoin at $19,000 each.
As the price of....
Paypal bought up to 70% of all the newly mined bitcoin since the payments giant started offering cryptocurrency services four weeks ago. Now that’s according to estimates by hedge fund manager Pantera Capital, as revealed in its latest monthly blockchain letter. Together with Square’s Cash App, the two companies are buying more than 100% of all newly issued virgin bitcoin (BTC), it says. The letter said demand for Paypal’s crypto service, which runs on Paxos fiat-to-crypto exchange, Itbit, had hit the roof. The exchange “was doing a fairly constant amount of trading....
After buying 400 bitcoin yesterday, President Nayib Bukele announces they bought the recent price dip and now own 550 BTC.