Edward Snowden interested back in Bitcoin after Crash

[cryptowomba]

Famous whistleblower Edward Snowden has recently come out and said that he is thinking about buying bitcoin for the first time in a long time. ⁣⁣⁣⁣
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Edward snowden is a popular figure in the cryptocurrency industry. Best known for exposing the secrets about U.S. spying programs, last year he stated that we need a independent, fungible money outside of a state's control. ⁣⁣⁣⁣
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On Friday, Snowden tweeted stating that for the "first time in a while" he felt like buying bitcoin because the "drop was too much panic and too little reason". ⁣⁣⁣
⁣⁣⁣
Do you agree with Snowden? Also you can read the full article by clicking on the link below is you are interested.

https://beincrypto.com/edward-snowden-buying-bitcoin-because-too-much-panic-too-little-reason/ ⁣

[thisnewcoin]

Yes, he is right that bitcoin price has dumped badly and it is a good time to buy but I don't think the reason was simple! The world is suffering because of Corona epidemic, all the trade market has dumped, so, why not crypto? He is a very famous guy, by seeing him buying Bitcoin, many of his followers will do the same! So, I want to say to Edward, welcome back!

[Balladtony77]

Either with Edward or not crypto got things cover, this is not the first time Bitcoin will die, it keeps happening over and over, the wise will see this present market as an opportunity and others will keep complaining, the choice is yours to make

[jacafbiz]

Yes, it seems tempting to want to buy BTC now because of the recent dump but a dump like this has been on the wing for sometime, people have been saying the stock market is overpriced and if this trend of panic continue then the price could go lower, I was surprise when I saw the the price dumped to $3800 on Binance and another panic sale like this is likely to take the price lower than we can imagine. Do not buy on emotion and not because someone is marketing it to you

[ryzaadit]

Yes, he is right that bitcoin price has dumped badly and it is a good time to buy but I don't think the reason was simple! The world is suffering because of Corona epidemic, all the trade market has dumped, so, why not crypto? He is a very famous guy, by seeing him buying Bitcoin, many of his followers will do the same! So, I want to say to Edward, welcome back!

You need to read a full article, do not just read the title.

If the coronavirus pandemic and the oil price war were the two main catalysts for the price collapse, then we could see this worsen quite easily. We are still far away from the end of the pandemic, and it is expected to get much worse based on virtually all estimates.

The pandemic still can get worse, advise everyone buying was really a bad idea. The best thing, wait until there has some news from each government from all countries. Whats act their gonna make for the country, did more country lockdown their city if this still happen a lot investor/individual will try to cashout their asset for prepare economy crisis into gold.

[antsam]

Edward Snowden is a smart and clever man, he has seen the price of Bitcoin ever soar and the scope of businesses that accept Bitcoin payments. So he must have seen this price decline is a momentary trend and will definitely rise again, indeed this is the right time to buy bitcoin when prices are cheap

[memed97]

Edward Snowden is a smart and clever man, he has seen the price of Bitcoin ever soar and the scope of businesses that accept Bitcoin payments. So he must have seen this price decline is a momentary trend and will definitely rise again, indeed this is the right time to buy bitcoin when prices are cheap

Yes, the right time for those who have lots of money, because when the price of bitcoin is getting cheaper, those who buy at that time will obviously get more and more units of bitcoin, and that will be very beneficial for those who buy with a large amount of money.

[rahmatullah9305]

Either with Edward or not crypto got things cover, this is not the first time Bitcoin will die, it keeps happening over and over, the wise will see this present market as an opportunity and others will keep complaining, the choice is yours to make

Yes, all the choices are really in each other's hands, but we also have to learn things that we don't know from experienced people before making a good decision for cryptocurrency at this time, because the opportunity is only there once and that too can only be obtained for them quickly in making an analysis and then immediately act.

[Python Master]

His tweets didn't take any change to the market right? He's only famous in crypto market so his tweets do not mean much. We are familiar with crypto market and we are not affected by tweets like that.

[sangjoewara]

His tweets didn't take any change to the market right? He's only famous in crypto market so his tweets do not mean much. We are familiar with crypto market and we are not affected by tweets like that.

Obviously his tweets will not be able to bring changes to the crypto market, because he is not a god who is able to change things with a few words, so when someone makes a tweet about the conditions of the crypto market, then we must immediately make our own analysis in various forms, so we have a comparison with the others.

[TravelMug]

⁣⁣⁣On Friday, Snowden tweeted stating that for the "first time in a while" he felt like buying bitcoin because the "drop was too much panic and too little reason". ⁣⁣⁣
⁣⁣⁣
Do you agree with Snowden? Also you can read the full article by clicking on the link below is you are interested.

You have to read it very carefully, he said he felt not necessarily he is buying bitcoin because the price is too low at that time.

So that's how I interpret his tweet, although it sounded like he is bullish, but we have to understand where the guy is coming from.

[imstillthebest]

nice to know that non interested people on bitcoin are now realizing that they want to invest in bitcoin after seeing its price   .

i see nothing wrong on what he said or on his decisions and im fully supporting him  .  i hope many people or bitcoin haters are now going to do this too  . we can see that this panic/fomo trend can also do something good as some people are also being attracted suddenly on bitcoin  but i was also wishing that the price will now back to normal because the dip already lasted a long time  .

[Coyster]

If this is actually the first time in a while he feels like he should buy bitcoin, then he has been making a bad decision all this while, it isn't only at this market crash that bitcoin should be bought, if you are an investor and only wait to buy in a dip, you will not be able to accumulate as much as possible. I buy bitcoin always, maybe not as much as I buy when the prices are low, but no matter how little it is, I make sure I do not wait so long in increasing my portfolio, it's cleverer that way, and I am not buying with more money than I can afford to lose as i have internalized that rule.

[Shallow]

That's a good one coming from him at least it shows there are people who still value it even though he doesn't ends up buying it doesn't change a thing. However I might not be sure if the market has stabilized, thus meaning a good time to buy or if it will still dump more as there are many predictions still going on and so on. Also, the market has gone down well and this might be a good entry point for those who wants to hold for long therefore should in case the market drops more they won't be bothered as Bitcoin is more valuable than any other coin thus there is assurance of increase in price once the market settles. On the other hand, I also think it is also wise to study the market properly and even ask for opinions if in doubt to know the right time to get in.

[bgaf]

Totally agreed. He is famous for busting that issue before and a guy with perception is truly thinking about this case. Bitcoin has plummeted a lot since the issue of corona rises. But totally out of the topic since whales are just using the issue for their manipulative activity.

His tweets didn't take any change to the market right? He's only famous in crypto market so his tweets do not mean much. We are familiar with crypto market and we are not affected by tweets like that.

Of course it will not. People should not always depend on hype, just because he is famous and he will buy some, it doesnt mean he can dragged the price up. Unless he has some whale followers who would do the pump for him.

[Jating]

nice to know that non interested people on bitcoin are now realizing that they want to invest in bitcoin after seeing its price   .

Are you saying that Snowden are not interested on bitcoin?
Back in 2015 he was accepting bitcoin as donation already. https://cointelegraph.com/news/edward-snowden-is-accepting-bitcoin-donations-for-his-legal-defense-fund.

So he knows bitcoin very well, that's why he tweeted it so look like he is promoting it again or at least very positive on bitcoin. It's still our best interest to not believed on someone just because it looks like they are bullish on BTC, just saying.

[Lexurdania]

Famous whistleblower Edward Snowden has recently come out and said that he is thinking about buying bitcoin for the first time in a long time. ⁣⁣⁣⁣
⁣⁣⁣⁣
Edward snowden is a popular figure in the cryptocurrency industry. Best known for exposing the secrets about U.S. spying programs, last year he stated that we need a independent, fungible money outside of a state's control. ⁣⁣⁣⁣
⁣⁣⁣⁣
On Friday, Snowden tweeted stating that for the "first time in a while" he felt like buying bitcoin because the "drop was too much panic and too little reason". ⁣⁣⁣
⁣⁣⁣
Do you agree with Snowden? Also you can read the full article by clicking on the link below is you are interested.

https://beincrypto.com/edward-snowden-buying-bitcoin-because-too-much-panic-too-little-reason/ ⁣

Seeing economic conditions and also the latest news that says the Fed will inject funds with a size of more than trillions of dollars, bitcoin should be stronger and could be a safe haven alternative because of its limited supply. I think the current state of bitcoin is only temporary and in the next few months, Bitcoin is a profitable alternative to investing in the mainstrean

[Nisterse]

Yeah his statement really opens up the eye of most traders and investors tho does nothing on the whole cryptomarket. He starts a FOMO scenario and I think thats all to it.

[FanEagle]

This dump is going to attract a lot of people in investing into bitcoins. Most of the people were regretting that they did not buy bitcoins when they were in the dip and the current dump would again serve them a opportunity to buy at the dip. I am sure that many people already might have entered the markets and many would still be waiting for some more dump before they could fill their bags.

I have personally set various take-profit orders to enter the markets and I am sure that holding for few months would get a better profit for me so I am patiently waiting for the profits which I would hardly miss. The same way, not many people want to miss this chance so even they would buy bitcoins at the dip and it would again pump the price back to normal.

[bitgolden]

Yeah his statement really opens up the eye of most traders and investors tho does nothing on the whole cryptomarket. He starts a FOMO scenario and I think thats all to it.

I think that is what the markets are running on currently. The markets are mostly running on the FA and I think that greed and panic is really controlling the markets at the current stage. There is no need for panic as this dump was already been experienced and it would soon turn the markets green again.

Big whales would be responsible for the price pump as they have almost sold their portions at the peak which might have derived the price on the dip and now again are waiting for the price to touch the dip so that they could start buying back as much as possible. The markets are soon going to turn green so it would surely bring a lot of profits for us.