Hi steemians, I am here again, and this time I want to talk about this panic sales that is making bitcoin price crash.
I have had an awesome day with friends hanging out on our favorite joint with thoughts of the free fall of bitcoin relegated to the background.
What is happening to bitcoin, as we all know, related is a result of uncertainty of August 1st proposed fork.
Now I can only watch the massive sales with its resultant fall on price of bitcoin.
These are mainly newbies who do not want to be on the wrong side of the fence when the fork, if it will even happen, does become a reality.
Anyways, my simple take on this issue is summarized in the picture below....
thank me later.... @talk2liams
Weak hands will always sell, the FUD is not helping matters.
Whatever happens, bitcoin will surpass the last ATH after the dust created by this FUD settles.
true that. after the rain comes sunshine.
Yeah, you are right
THE WHALES RULE THE MARKET
True that the Segwit2x activation wired with uncertainty of it being successful on Bitcoin is causing FUD and people are panic selling to FIAT.
During the downtrend whales never stop accumulating as if they know McAfee will drop a news about the future of Bitcoin and lo Bitcoin was triggered.
But in all we can always be smart by minimizing loss and maximizing profits in bearish and bullish market respectively.
God bless the writer.
Thank you and God bless you too.... Upvote, follow and i will follow you back
Lol
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