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Author Topic: Bitcoin survived a lot more than one Exchange going bankrupt - Remember that  (Read 304 times)
so98nn
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November 11, 2022, 01:48:31 PM
 #21

Well bitcoin is still being used at its highest peak or even more in India. What is the huddle it got into, in India? Well many times they changed the budget and tried to put on hard rules and regulations over the bitcoin and rather the whole crypto currency usage.

They came up with flat 30% taxation rule in the budget 2022-23 thus making it even harder to trade here. Considering you end up loosing flat 30% in the trade it’s hard for Indians.

BUT, nobody is giving shit; some way or other everyone is still using Bitcoin and here and with more energy.

Screw 'em and let them sell if they panic. I'd like to grab some $10,000 bitcoin(or lower) if we ever get there.

"Everyone buys Bitcoin at the price they deserve" — some dude on Twitter. People who panic will likely buy back higher.

Definitely doing that. I will dedicate one salary if it goes down to 10k.
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November 11, 2022, 01:52:41 PM
 #22

Screw 'em and let them sell if they panic. I'd like to grab some $10,000 bitcoin(or lower) if we ever get there.

"Everyone buys Bitcoin at the price they deserve" — some dude on Twitter. People who panic will likely buy back higher.

I guess you are nor alone nor even in total minority with such expectations so Bitcoin probably can go down to $10k and even lower in some future but I don't think that this would be in this "panic sale", because while one is selling the other considers that today's price of BTC is already tempting. Grin IMO bear trend is not over but it will not be motivated by some centralized exchange bankruptcy.

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November 11, 2022, 01:54:54 PM
 #23

HODL is the way!

Bitcoin has been a survivor from the beginning. It has died hundreds of times and I'm sure many more will come. But Bitcoin BTC is a resilient freedom fighter and the only asset known to have bypassed its own death several times. Your list pretty much relates to The Bitcoin Obituary List

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