Strong Hands Are Buying

[mk4]

I'm not sure if the President is doing anything more than gambling at this time. Don't think they can afford to lose their investment.

Also he is not spending his own money but the money of the people...

I also bought some but this seems irresponsible

El Salvador holdings bitcoin that's only worth like $34 million, more or less $50-60 million at peak; it's a pretty minuscule allocation as remember that we're talking about a country here. Bitcoin could literally go to zero and they'd be mostly unaffected.

[1714691756]

1714691756

[BitcoinGirl.Club]

Well, that's not surprising. Good deals are made by buying cheap, and now is a time when Bitcoin is cheap. We can't know i the next few months it could go lower, I wouldn't rule it out, but we are definitely in a clear buy zone if you plan to hold bitcoin for the long term. Uninformed retail investors usually do the opposite: they bought above $60-69k and sold recently.

Over 72% off. Christmas is early this year. Why wouldn't a county who made it legal not going to buy. Of-course they will. If price drops more we will see they are buying even more. MicroStrategy and other big boys will do the same.

Question remains, as individual are we taking the opportunity and buying on sale? 😉

[Dunamisx]

This is how we expect the mindset of every bitcoiners to be set, buying more as the dips proceeds, this isn't the right time anymore for bitcoin to fail or create fear to its users, gone are the days of fear of uncertainties, the coin has value that bow down every other cryptocurrencies, this volatility is part of what shake other cryptos into falling and never rise again because its one of the means of their exposure as shitcoin, but bitcoin has maintain the paradigm shift over years and remains relevant, Nayib is a great man of courage and a leader fully oriented in business and finance, this is the second buy after the 500 btc bought when it was at $30k low.

[dlightag]

You have said it all by mentioning strong hands buyer, that is very good one to here and is an opportunity given to everyone determine the level of your equity to buy and hold for a long term. Hence, cryptocurrency market are still experiencing bear market, which it may go down to 15k, and if it break out from 20k support and resistance of the technical analysis. Therefore, is good time to buy at any dip and hold for a long term investment. 

[wxa7115]

Well, that's not surprising. Good deals are made by buying cheap, and now is a time when Bitcoin is cheap. We can't know i the next few months it could go lower, I wouldn't rule it out, but we are definitely in a clear buy zone if you plan to hold bitcoin for the long term. Uninformed retail investors usually do the opposite: they bought above $60-69k and sold recently.

Those weak hands do not really know what they are doing, even if they bought at the top of the market this was the perfect time to do some DCA, and by using that strategy reduce the average price at which they bough their coins and then become able to breakeven way earlier than if they just held their coins.

It is incredible that after making the mistake of buying bitcoin at such an expensive price they make the second and even more crazy mistake of selling so cheap when the opposite move is what it was needed for them to turn a profit in this market.

[sbrys]

I'm not sure if the President is doing anything more than gambling at this time. Don't think they can afford to lose their investment.

Also he is not spending his own money but the money of the people...

I also bought some but this seems irresponsible

El Salvador holdings bitcoin that's only worth like $34 million, more or less $50-60 million at peak; it's a pretty minuscule allocation as remember that we're talking about a country here. Bitcoin could literally go to zero and they'd be mostly unaffected.

You are right they are much wealthier than I assumed 

Apparently they invested about 100M in bitcoin so far but their GDP is about 6bn

So good diversification in fact

[amishmanish]

Yes indeed. I believe this is the last time bitcoin is falling, we wont see such huge falls in crypto in future. The  main reason of this fall were the scams due the shit coins. However the rich and strong are buying because they know very clearly that this fall is temporary and bitcoin will regain its value and will prove to be a good asset in future. So keep Hodling your coins, your grandchildren will be proud of your prudency someday

[$crypto$]

a very extraordinary president. Bukele is really serious about investing in bitcoin. This is indeed a good opportunity to buy bitcoin. El Salvador is increasingly having Bitcoin assets on hold. Buying 80 BTC at $19,000 is certainly the equivalent of $1,520,000, Keep adding bitcoins and when bitcoin is bullish El Salvador will have a lot to gain.

Nayib Bukele dared to do this with the current lowest bitcoin purchase with a considerable amount, he knows about his future opportunities with the value of bitcoin later so he will continue to buy as much as possible to accumulate, I am also sure the country of El Salvador will get the same value fantastic few years to come, this is a country whose economic progress from bitcoin because Nayib Bukele believes this will definitely happen.

[goldkingcoiner]

Strong Hands Are Buying? No, more like hands with money are buying. All the other hands are sweating from not being able to buy more because we bought in at 21k thinking it was the bottom. My sweaty hands are hodling. Oh well, 10% more or less coin is not the end of the world. Although I do wish I had more fiat to burn. Trading worthless old generation money for new generation money does give one a satisfying feeling.

Maybe next time. Maybe.

[Furious 7]

As long as we have more spare funds that are unused, there really isn't a problem with this because it doesn't matter if the hand is weak or strong, now many people are competing to start saving their money here, even though the risk of a decline is still very possible.
At least if you feel you are quite sure then it needs to be done this way, it is still very worth it to pay off little by little so that when a bull occurs we are not left behind.

[Anonylz]

This is the time to be daring when others I fearful. If whales are busy accumulating regardless of the market condition what stop retailers from accumulating as well! For evey weak hand that is selling, strong hands are scooping them up, that is enough to ponder about. The best way to overcome the stress of bear market is to have a long-term goal in mind.

[coolcoinz]

We can't know i the next few months it could go lower, I wouldn't rule it out, but we are definitely in a clear buy zone if you plan to hold bitcoin for the long term.

We do not even know if the price by the end of this year will be lesser than $15000, bear market can last like that of 2018 that started in January and lasted long all through the year, that is just it. I understand that it is a buying zone, because people that buy now and hold for like 3 years will make significant profit even if the price of bitcoin still decreases further this time. I agree with this.

What if it reaches 15k and bounces back? Do you feel like you can catch that bottom?
It's proven that reading a bitcoin bottom or top is really hard. Some people claim they did it but in reality they were doing DCA both up and down. This means that they were buying and selling at every significant level, like in the bull market they were selling at 25k, 30k, 35k, 40k, and so on, getting rid of 10% each time. When we fell below 30k they were buying at 25k, 22k, 20k and will be buying all the way down to 10 k if that happens.

In reality a worst thing that can happen to risk on investments like bitcoin is an 85% correction which would put us at 12k. In 2020 we went to 4k and I held, so I don't really care if we go to 12k by the end of the year. In 2 years we will retest the ATH, so by that time I'm planning to add another 1 BTC (if we stay below 20k because I don't earn enough to get 1 btc @60k, so low price is actually better if you're trying to get as much as possible before the next halving).

[The Cryptovator]

This is an ongoing opportunity for whales who believe in Bitcoin. They won't miss this opportunity to accumulate cheap. Because they bought a lot of Bitcoin in different zones. So they could recover simply by accumulating in cheap price which will reduce their average bought price. That's the reason the rich become a richer and the poor struggle to live. If I had enough money, I would buy at this zone although risky since we don't know the exact bottom anyway.

[Viscore]

We know what time we are going through right now, but we believe everything will be over very soon. And we are hearing lots of FUD and what we are doing is only sharing the news and creating this FUD viral, but those who need opportunity, they just make something else happen. But it's true that this 900B down makes the times very tough for us. But those who believed in crypto saw an opportunity at this time. who we call the strong hand. And they are grabbing much more this time. In the meantime, two of the most powerful crypto influencers added more bitcoin to their treasury. And that is called strong hands grabbing bitcoin.

We really expect for these great crypto influencers to always take the lead in the market through making a maximum purchase because they never have doubts in the great potentials of bitcoin. If they have seen this coming, then who are we who are not gonna take advantage of the market. Although it’s still an individual’s choice, but not taking a good move right this time is just another missed opportunity like we had before.

[abel1337]

a very extraordinary president. Bukele is really serious about investing in bitcoin. This is indeed a good opportunity to buy bitcoin. El Salvador is increasingly having Bitcoin assets on hold. Buying 80 BTC at $19,000 is certainly the equivalent of $1,520,000, Keep adding bitcoins and when bitcoin is bullish El Salvador will have a lot to gain.

I'm not sure if the President is doing anything more than gambling at this time. Don't think they can afford to lose their investment.

Also he is not spending his own money but the money of the people...

I also bought some but this seems irresponsible

El Salvador president is making things that other countries don't have a confidence to do. This might be a gamble because of how volatile and speculative bitcoin price is but  it is the belief and trust you will put in the idea of technology that will make you prosper. Do you remember dot-com bubble, There are many companies that have become speculative and pumped with money but only strong ones survive like amazon, ebay and others. These companies are just bitcoin right now in my opinion, Knowing where to invest might give you fortune in the future.  El Salvador is a small country that still have a chance to prosper, The country future could be leaded by bitcoin.

[Ultegra134]

I'm surprised that El Salvador is still purchasing Bitcoin after so much criticism it received after its initial purchase. Apart from that, I believe that we still haven't reached the bottom, thus, the current state of the market provides us with great opportunities. I'd also be interested in investing, if the situation wasn't that bad with the increased living costs.

[darewaller]

Honestly the news itself is good and all, but El Salvador bought about 1.5 million dollars worth of bitcoin. 80 of them at around 19k each makes it 1.5 million if I am not wrong. I know that they are not a rich nation, so it is understandable that they would not be investing like they are the USA.

But, I didn't know that they are poor enough to make a news out of 1.5 million dollars. I know friends who are richer than that, they could buy a lot more, if a whole nation tweets about something like this, they must be really poor. Outside of that I feel like Saylor situation is very real, they are really going all in on bitcoin and nothing else and when that works out, it is going to be epic.

[BIT-BENDER]

Anyone that is believing FUD targeted at Bitcoin in 2022, actually hasn’t understood crypto-currency and Bitcoin, when it comes to FUD right now I believe it’s works more on Altcoins, many holders of Bitcoin aren’t just holding they are actually putting it to use, like I buy most other things I can get online using bitcoin from someone willing to sell his services for Bitcoin, so the adoption is on and bitcoin actually has real value aside being an asset for investments.

[Jody.Drummer]

We know what time we are going through right now, but we believe everything will be over very soon. And we are hearing lots of FUD and what we are doing is only sharing the news and creating this FUD viral, but those who need opportunity, they just make something else happen. But it's true that this 900B down makes the times very tough for us. But those who believed in crypto saw an opportunity at this time. who we call the strong hand. And they are grabbing much more this time. In the meantime, two of the most powerful crypto influencers added more bitcoin to their treasury. And that is called strong hands grabbing bitcoin.

Aren't the two stories above enough to convince those who still don't believe in the future of Bitcoin? I mean those with big capital, state finance, and corporate finance where a lot of people put their money to believe in buying. Then how funny there are still many out there who half-trust Bitcoin. We can't force someone to buy something they don't like, but for the Bitcoin community, I believe they have. These are just 2 examples of purchases that have surfaced, imagine behind the curtains there are thousands of whales hiding that have been monitored for a long time until they are at this lowest price.

[2stout]

Yes, the strong hands are increasing their bags and those opposed to bitcoin or still on the fence will miss out again.  Also, dont' be fooled, there are a lot of institutional opportunists scooping bitcoin up as well while FUD'ing and shaking weak hand outs.