Yugocean
Valued Contributor
Bitcoin critic Peter Schiff has claimed that for every buyer there is a seller, so to buy bitcoin below $20K there must be sellers below $20K.
This may be an intellectual statement, with Peter hinting that people hoping to buy the dip for bitcoin may not find sellers. But people also have a topic to dispute. This time too, Schiff has got replies, which can be more mocking and less serious.
Anyway, with all the options available, I don't think bitcoin miners will hodl. They will sell to themselves at a price worthy of profit because they have to pay salaries to their employees and expenses like electricity etc. So Bitcoin will be available for sale at the lowest possible price too, till the miners go out of business.
Yet, the dip is a chance, so if one buys now and HODLs, then this chance would be taken, and later the market might take a bull run.
This may be an intellectual statement, with Peter hinting that people hoping to buy the dip for bitcoin may not find sellers. But people also have a topic to dispute. This time too, Schiff has got replies, which can be more mocking and less serious.
Anyway, with all the options available, I don't think bitcoin miners will hodl. They will sell to themselves at a price worthy of profit because they have to pay salaries to their employees and expenses like electricity etc. So Bitcoin will be available for sale at the lowest possible price too, till the miners go out of business.
Yet, the dip is a chance, so if one buys now and HODLs, then this chance would be taken, and later the market might take a bull run.