Bitcoin Forum

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https://twitter.com/Snowden/status/1238375969267814402

Edward Snowden is bullish and advise us to buy the freakin' dip, Lol.

But look at the those twitter comments though, hilarious, there are still people who really don't understand bitcoin or literally hates bitcoin or simply trolling Edward. Even @Calvin Ayre is joining the discussions, pitching his beloved BSV, LMAO.
 

Snowden is right, in a year people will be looking back at these days and regretting that they didn't buy today. But in the coming weeks or even months there will still be a lot of uncertainty, it's possible that the price will dip even further or most likely there will be a period of stagnation again. So, now is a good time to slowly accumulate coins, no need to go all in right now, the market isn't going to turn bullish just tomorrow.

I agree with him. Set aside those haters a true enthusiasts on the land of crypto will never be so affected during this time. Yes its quite hard to accept the loss but it can never be a lost once we hold it and wait for the market again. I wanted to accumulate more coins but unfortunate I am broke in this perfect opportunity.

I think its gonna be a waste opportunity to let it go. If I have funds I go for huge budget with the current price cause its so rare to see this pressed price to this level.

There would be no chance like this would happen in the future, As we can see, this is the first deep we witness since the start of the year. the Bitcoin halving is not yet to come, which will be assured to make the price of BTC rise again. so, why people don't understand this basic?
They just too afraid of the price to sink even deeper than today, little they know that this will be the last deep they will see this year and they will regret not buying at this low price.

That's part of the mindset of almost crypto investors - regrets. We have heard countless early investors who sold early, or those who have heard it before, but didn't think that it will go on a massive growth of almost $20k in 2017.

So yes, Snowden has a point here, the plate is on the table, it is up to us, whether we wanted to take some part of bitcoin at one of its lowest point this year. We don't need to instantly but 1 BTC, just invest what you can afford.

anybody who has ever bothered to understand what bitcoin is providing them already knows this. everyone else who have been in it for the "get rich quick" goals are currently having a hard time with the price and don't see this as an opportunity to increase their stake in this currency with a limited supply.

it has always been like this during the big dips too. there are always some people who are too afraid right now that will be full of regrets in a couple of months after the drama ends.

He can replace "Bitcoin" in that tweet with every financial asset you could imagine and he would be right.
All the global markets are in the "too much panic,too little reason" state of mind and this will continue for months.
By the way,maybe he has some insider secret information about who created the coronavirus-China,USA,Russia or some other country or organization.There are a lot of conspiracy theory fans out in the forums. ;D

People have been accumulating for last few years but they never experience the bull market profit. Every time bitcoin moves up, there are factors which bring the bitcoin prices down.

It is very easy to tweet that bitcoin will rise one day, because it will no doubt rise one day. But the question is  WHEN ? No one is able to give the right exact time.

I am not amazed, there are still a lot of people who surprisingly still believe bitcoin has zero advantages and that it's investors will in the end regret why they invested. Sometime last week I was in a gathering of friends and one person brought up a discussion about bitcoin, they all were against the bitcoin, throwing different vituperations and cursing that they'll never buy bitcoin, triggered the more by this recent crash. I tried to explain what they needed to hear to them, but it all fell on deaf ears.

It's obvious we cannot make everyone understand what we do, many have and will continue to miss out, maybe they cannot handle the risk, but life itself is a risk, isn't it.

A lot of people bought the dip. The number of addresses holding more than 1 BTC reached a new ATH, although it's hard to tell how many individuals own those addresses.

Oh, I really hope so. I'm glad that he decided to speak up and basically promote Bitcoin to people. But the current situation looks dangerous, looks like something from which everyone will suffer some losses (not just Bitcoiners, of course). I'm holding what I have and hoping that Bitcoin will be able to recover from this, and the world economic crisis will not hit the world right now even though it probably already started doing that. Every investment and any option of just making savings safe seems risky right now, so perhaps keeping calm and waiting it out is not a bad solution. If a person has spare money to buy BTC right now, it might indeed be a good opportunity.

Um not really. I'm not going to read the rest of the thread of tweeting but:
1. Snowden is not bullish, he's feeling something. He didn't even say he actually went out to buy any. I often say things I feel like I want to do or ought to, but never end up doing them. And seldom even really support them.
2. He did NOT advise anyone to buy the dip;)

But yeah, love those BSV pitching. They got nothing better to do eh?

Yep There is always a reason to think these conspiracy theory are true. We can see China have been very busy about their economy and wanting to be on top and I guess this could be their chance to succeed. Asia is booming and for it to continue the change has to happen and this Corona Virus is a perfect reason for the changes. The reason indeed is just too little for the drop to be this big which is why there are doubts that this is manipulated.

Fair enough. I have absolutely no idea why his opinion is worth listening to on this particular subject though. Now I want to know what Lennox Lewis thinks because he fought Mike Tyson and Mike Tyson slapped his name on some ATMs.

He said "too little reason". I agree with this statement. Most people just stated that the drop in price is affected by the coronavirus. To be honest, I still doubt it till now. Why? This is not the first time Bitcoin experiencing a big drop. And experienced investors must know it very well. While coronavirus is spreading in real life, not via the internet. Actually, the corona and Bitcoin market has a weak correlation. So, I suspect some people play drama to dump the prices.  :-\

The ponzi money got tedistributed. If there was some cash from those Chinese schemes left on the market it went from a single seller to hundreds of new holders. At least I hope some of them will become holders. Time will tell.

Don't forget that for every seller there's always a buyer. If you are scared and sell somebody who is waiting to buy and sees it as a chance to finally get cheaper coins will take your burden from you and pay for the privilege.

He just keeping the ass of those panic sellers calm.
With that almost 50% drop makes kinda all Bitcoiners buy and it's almost doing a shopping in a mall with 50% off or even a buy one take one promo.
A little bit sad that when I saw the drop at almost below $4,000 I don't have extra money to buy those dips.

What he doesn't mention is that , what are you going to do when cash is mandatory for the next months ? I would say we have 12-18 months after the halv to make the buys as price won't go anywhere, I can't see Bitcoin reach 10k$ until the end of 2020 as the world is to messed up to think about Bitcoin right now.

Make your own decisions guys , don't listen to x or y.

I have been telling some friends in my country who wanted to buy bitcoin when it drops to $6k to come over my office and buy, they are suddenly wondering why the huge and sudden drop, if they could get at a lower rate. I am waiting when all these drama will be over, they may have to buy when it hits $9k, people prefer to FOMO than buying the bottom.

When the price of btc is down some people will not take advantage of it now, they will wait to see btc trading at ATH before buying, by the time they now lose money ones the market is correcting they will cry out and shout btc is scam blah blah blah,
Once market start recovering many people will still regret again not buying when they had the opportunity.

Snowden had been a long term bitcoin maximalist but I dont know how rich he is in term of bitcoin or even fiat. A lot of people were surprised at the dump, not what most people are expecting, the fear in the space rose and there was low volume purchase even with dump. usually people prepare to buy in bear market but the sentiment is already in bull, so the decision and financial capacity to buy is not prepared. Some believe in going after altcoin after a short bull in the halving but the shock is still with a lot of people,are struggling with next decision.

It's a cycle that will never end. Those who negatively comment about the condition of Bitcoin right now instead of investing are just too afraid to lose money but too regretful when opportunities like this arrive. It's always like this, when Bitcoin dump so hard like this, they wouldn't even bat an eye but when Bitcoin starts reaching beyond $8,000 again, they'll immediately invest in it even though they have the opportunity to do so in the past.

Just remember what happened in the past years especially 2018, from almost $3,000 to $10,000 in just 2 years. It's a good thing that people like him reminds us how cheap Bitcoin is.

Usually I don't like to give tips, or saying for sure that something is going to happen, but this time for me is incredible, BTC is very cheap right now
If you follow the holders, old users from here, people who are into BTC for years, almost all are buying now, this is a good indicator that the price is very cheap right now
Maybe will fall more and more, but soon or later the price will rise again

this virus was unexpected and created chaos on the market, so that we cannot predict what the price will see in the future
on the other hand, seems that BTC under 5k is a good buy at the moment, will be interesting to see will people use this as opportunity, or stay put, i am analyzing for myself

Snowden speaking the truth as always.

I put in my ACH from my bank A couple of days ago, and I was afraid I couldn't get in on the dip. Still waiting for the money to come in

Let's be clear there is risk here, but this is the easiest potential invest money get 2X in one or two years opportunities that we'll see.

If I keep that money in the Bank, I'll just spend it on useless shit so even If I lost it It's no big deal. But If I can double it maybe I can buy myself something real nice.  Or I can hodl it with the rest of my BTC.

lot of people loss huge money at this unexpected dump, so don't expect people like that to be bullish or just come up with fresh money to buy the dip, it takes a real strong heart to do so, because in your mind you will be afraid not to loss money again,
anyone buying from the dip now have probably sold at $9k or didn't hold nay btc at all,if you are either of the two, you will be very eager to buy more, but if you are among those who witness a huge dump in your portfolio, buying won't be an option you would consider at this time.