Written by Maria Fernando Joupette, CEO of CRYPTOMKT, the pioneer and leader of the exchange in Latham
In the midst of the market crash, whales took advantage of the situation to buy more bitcoins. And not only this cryptocurrency, but buy Ethereum, buy Solana, among others. In the case of Bitcoin, over 1,000 Bitcoins have been purchased by these strategic investors in the past few hours. The opportunity lies in a temporary drop in prices, allowing you to purchase bitcoins at a much lower price. This strategy, known as “buying on the dip,” is based on the premise that prices will eventually recover, bringing substantial profits to those who bought during the dip.
Buying Bitcoin during a crash can be a smart decision for several reasons. First, the volatility of the cryptocurrency market offers unique buying opportunities not found in more stable markets. Second, Bitcoin’s increasing adoption and acceptance as a long-term store of value suggests that its value may increase over time. Also, historical events have shown that after significant drops, the value of Bitcoin tends to recover and often reaches new highs.
Those interested in following in the whales’ footsteps and buying Bitcoin during a market crash are advised to do so with caution. It is very important not to acquire or buy more than you are willing to lose, as market volatility can lead to significant losses. In addition, it is advisable to diversify the investment portfolio to reduce risks. Staying abreast of market trends and news related to cryptocurrency is also important for making informed investment decisions.
Author: Tanya Leo, director of Aztec
The recent fall in the value of Bitcoin may be seen as significant, however, due to the nature of the asset, it is not. Not so long ago, Bitcoin was worth 20-30 thousand dollars, and the nature of the asset raised it to 70 thousand dollars.
This will likely be the last chance to buy at relatively low prices if we look at Bitcoin price history. However, as always, it is important to encourage education. As with any investment, you should always do your research before making a decision.