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RE: Bitcoin Crashes On Massive Volume As China Plans To Shut Local Exchanges

in #bitcoin7 years ago (edited)

Investors use news like this for profit taking, and buying cheap on the way down knowing it will rise again.

Bitcoin's entire history has seen massive negative news, regulation, etc, to cause panic selling and speculation that the end of Bitcoin is here.

(Bitcoin always comes back. Just not instantly, but it always does. How do you think we got to $4,000 USD)

I yawn at this news, and gleefully watch it fall for buying opportunities.

Thanks nonetheless for sharing it though. It's exactly the type of news that most people expect and want to read. :)