BTC dropped pretty quick alongside the market today. If I had to guess at the “why,” I would go with BSV FUD.
Basically, to quote ourselves,
Binance will delist Bitcoin Satoshi’s Vision (BSV). BSV is a fork of Bitcoin Cash (BCH) that came about due to an argument between Bitcoin Cash (BCH) camps.
The reason for delisting is a little complex, but the gist is the BSV camp was going around threatening legal action against Twitter personalities (including Hodlonaut and Peter McCormack) for making fun of them, and demanding that they declare Craig Wright as the real Satoshi or get sued.
So basically, this happens right as BTC is at a point where it could go up or down, and it goes down.
So did the BSV camp dump their BTC out of spite? Will this be the story we tell our grandchildren? Don’t know. Seems about right though.
That aside, this then presents either a buying opportunity, or a panic opportunity. Hard to say… And by the way, that goes for not only BTC, but BSV and BCH.
Is this a great buying opp, or an crying opp?!
I don’t know, all I know is that I know nothing unfortunately.
Trust me, if I can ever start seeing the future, I will be happy to charge you for advice. Until then though, just gotta be free stories and charts on this free to use website 😉
NOTE: I run a crypto site, clearly I’m generally bullish on crypto. So my general thoughts no matter how bad or good things like with crypto is “????.”