Justin Sun bought more than 4,000 BTC during the latest dip!
Many of us were scared as the prices were going downwards quickly earlier this week. I have to admit, it didn't feel good... but still, I believe I managed to stay quite calm in the midst of it. It never feels good to see the value of your portfolio decrease by somewhere around 35%-40% in a day, but still - considering that I have dealt with crypto for some years, it isn't the first time I have seen it.
But, what is interesting to see is the mentality of the different people.
You have those people saying that this is the end...
You have one group of people who speak as if this is the end, and crypto will never ever rise to greatness again. They just feel as if they have lost a reason to live, and that their money is worth close to nothing. They are biting their nails, they have high blood pressure, and they walk around depressed all day feeling like the world has come to an end.
Then you have those who regret not selling on the top...
You have a second group who is full of regrets as they didn't sell on the top as they became too greedy and just wanted more. They feel bad, but they still have faith in the future of cryptocurrencies. As a result, they feel sad as they feel as if they could have done quite some things in a different way, but they are clearly holding themselves together because they know that the future is bright no matter what.
The third group - the happy investor (including Justin Sun)
Then you have the third group... This is the group of people who have just been waiting for this dip for months. They have stored up their Dollars, just waiting for a big correction in the market, and once it arrived, they were immediately out there eager to buy more. That is what Justin Sun did, just take a look at his tweet below. Of course, Justin like the attention so he posts all about it on Twitter, but I am sure that there are lots of other big whales who did exactly the same, they just didn't share the news with the world on Twitter.
Justin didn't just buy Bitcoin, he bought a lot of Ethereum as well!
You also have Nicholas Merten, the famous Youtube guy who created the DataDash channel. During the dip, he was eager to get a crypto loan, most likely in order to be able to buy more during the dip!
It doesn't matter what group you are in right now...
It doesn't matter which group you are in right now or how you reacted to the dip and the correction. What matters is that the future is bright, just hold on, work hard, and you will see that everything is going to be alright!
I saw his tweet about him buying both BTC and ETH during the dip and I must say he really did a very great job buying the dip unlike other investors who pulled out during the incident.
Thanks for sharing this great post with love from @hardaeborla and I hope you have a great day ahead 💕❤️💕
Well, I really like the thought that it tells us a lot about the fact that he believes in the future of Bitcoin and Ethereum. Of course, the prices is dipping even more since then, but this is a long-term investment, so I guess he knows that himself! :)
Greetings dear friend, excellent your description with the three groups, people like Justin Sum in the next bullish season, will multiply their profits, of that there is no doubt, you just have to be patient and know when to take the right steps to invest.
See you later, happy weekend !
Yes :) Since most of us doesn't have that kind of money, but I guess maybe I would personally buy more at longer time frame, instead of that much at the same time... but it might be that he is doing it, he just doesn't blow it up on Twitter!
Hi @inbiaedwriter
This is an incredible amount to invest. It really is. This will always be a dilemma for many, why didn't I sell? Why didn't I buy? Etc, etc.
But you have to be patient, that's the way it is.
There is a big war by the powerful countries against cryptos, now I see it a little clearer, it has grabbed a lot of ground, and it does not suit them, but, it will follow its natural course, we just have to be patient. That's all.
Well, the future is bright for crypto, but for many, it is now turning into a long-term investment, and not a method for quick gain. After all, those who bought crypto seven days ago, are now at least in half the value compared to last week, so it has got to be a shock for them!
We just have to wait, work, and build!
If I had the ability to buy that amount of BTC, I am totally sure that I would also make a great purchase, that gives me to understand that this man has vision for the future.
I so much agree with you... it is kind of a testimony portraying his utter trust and belief in the future of the technology and those tokens!
Many whales are taking advantage of this dip to fill their bag with cryptos. While others are complaining of the dip, it is an opportunity for other people to get coins at cheap rate. I guess that's how the market is designed.
Thanks for sharing buddy
Yes... this is an opportunity for many, and I look upon it as an opportunity myself. The only question now is when the dip will stop, or if we are about to enter a longer period of a bear market...
Meanwhile, my brother got worried about the drop at first but then he said "actually it's a good time to buy some more and save them until I feel it's the right time to sell 'em" And of course I agree with him, I mean nothing changed yet and I'm optimistic about future.
Nice read thanks for sharing.
Yes... the future is bright, I knwo it, and I trust it... so currently, the time has come to build like crazy again, and then hopefully, have more to sell once the market goes green again!
Real whales buy, the amount of money they have is incredible
Oh wow. I wasn't aware of that @unbiasedwriter
Isn't close to 16mln usd investment in BTC? That surely is quite a large number. How do you know about it? I hope your knowledge doesn't only come from Justin's tweets? ;P
yeah, some people are scared. Others are happy (especially those who took profits earlier on and now could buy BTC way cheaper). Which group do you belong to? :)
Cheers, Piotr
The main source are his tweets, but I also read an article on the topic. I guess some people have checked that this is really true, if not, it would be discovered quite quickly. But, it is also interesting to see, that if he bought that amount of tokens, it still didn't manage to positively affect the market, because the red days are still continuing.
There is so much money in crypto... and to be honest, all the money that is leaving the market now, is mostly money that the whales are waiting to put back into the market. In other words, I believe it will boom again... sometime!
-> I am a mixture of the characters. I fear the red market, but I also look forward to buy more. My biggest struggle is knowing when to buy. I guess now is the time to buy partially, a little bit now, and if it dips more, then I should buy more then...
thanks for being always so responsive @unbiasedwriter
For me, I'm scared of the price coming down, because shit coins developers' might start doing exit scam, so they get something before the community crashes on them. One coin has done that already, as seen below
Shit coins are always scary, because they dump even more... that is why one should never enter shit coin projects at all! :)
I did and the dump is heart-breaking. I feel like crying but I'm holding myself
I wonder if this news is reliable @menoski, @unbiasedwriter
Not that I do not believe that some projects would scam money from their investors.
But did they manage to get 32mln USD? I found it hard to believe. Even solid and reliable projects, with solid teams and great marketing are struggling to get few millions from investors.
I would assume, that someone made up that number to make it sound even more dramatic.
Yeah, you are correct it was made up. After seeing your comment I did some digging and it was false accusation. Here is screenshot, I took.
Here is the link to the tweet
Great digging @menoski :)
Greetings@ unbiased writer. Certainly there are several groups of people as you explain very well that are in that dilemma about Bitcoin and other cryptocurrencies, because of its loss of value, however I think that these opportunists us present themselves every day and this is the time to invest. As you say this is not the end , it is another beginning for everyone .
Thank you for your publication
Hi dear friend @unbiasedwriter
I love that final sentence of your publication, I think it was from group 1 of those who were scared thinking it was the end, I am so afraid that that will happen that my mind deceives me, but now I am going to use that strategy I will start to store some usdt And wait for the next big correction, like a leopard waits for its prey
regards
Well, the correction has already started big time... Ethereum just dropped below $2000. Still, it is more than 20x up compared to March in 2020, so most investors are still in a big plus. The question is... how far will it dip this time?!