bitcoin drops by a lot and people are paniking

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LagosPolice

LagosPolice

Administrator
Oct 14, 2020
776
35
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Bitcoin prices reached all time high over the weekend. It was selling for over $42,000.00 and change. Today, it has dropped to about $32,000.00. This means if you bought Bitcoin at the all time high, you are now losing money.

But the right question is, why are people panicking? Do they expect it to keep going up everyday?

Bitcoin is a very volatile market, we've seen it gone up to $31,000.00 a few years ago just for it to go down to $3,000 and change. Now that it's going down after the all time high. People are panicking and scrambling for answers.
 
OmoAlaji

OmoAlaji

Member
Oct 14, 2020
389
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well, it looks like bitcoin will drop some more, Elon Musk just shared that Tesla may have sold or plans to sell all bitcoin holdings.
 
G

GibsonMichel

New Member
Jun 11, 2021
4
0
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well, it droped till hell ;)
I can honestly say that I expected a 80k btc in may and it was a surpsrise for me that it dropped till 29700 a few days ago. but I seee just one more chance to buy it. So I bought again some pitocin at 30k from Paydepot. And I am in profit because today it is trading at 35 and my average purchase price since 2019 is 16k)
 
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