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AskLeo - Who's Actually Buying Bitcoin Right Now? by acesontop

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hive-167922 · @acesontop ·
$2.22
AskLeo - Who's Actually Buying Bitcoin Right Now? 
![baronrothschild.jpg](https://i.imgur.com/ufewICN.jpg)

From $19,000 to $16,500, Bitcoin has had quite a steep fall and it actually occurred when almost nobody was expecting it, as usual probably. The fear and greed indicator was at around 95 points out of 100 yesterday, signaling extreme greed, but most of us were already wondering how long it will take until BTC will smash the previous ATHs instead of at least taking a correction in consideration. 

Some were indeed having regrets that they haven't bought more BTC when it was way cheaper, while others like some folks in here, have taken some profits out of the market, with a bit of regrets of risking to have jumped off the train too soon. Well, now guys might be the chance to buy back at a discount. 

I personally haven't expected this dump, although something inside me was quite blown of how high BTC and the whole market can get in such a short time... It was such a long time though since we saw this type of upwards movements. I got caught in  the *bull run* dust though and was already betting for BTC going long. Not leverage trading of course, as I consider this to be one major catalyst in screwing BTC's price action... and overleverage probably being the main reason for today's BTC dump.    

I've read news and tweets today about potential future crypto regulations in the US, but I don't bite that, especially from the Conibase's CEO. I don't know why, but I don't trust that guy. Oh, and BTC is not all about the US, it's a world wide accepted and traded assets, so Americans please don't foolishly believe that it's you guys influencing everything in this world... sometimes it's China doing that. 

Now, one thing is clear and that is the fact that there is blood on the streets, on the streets of crypto to be more exact, and if we were to follow the baron Rothchild's piece of advice, we should be buying BTC and crypto right now, even if the blood is of our own.

![bear_market_shutterstock_2718167905bfc32c446e0fb0051462b17.jpg](https://i.imgur.com/bzB7g7y.jpg) 

It might get even lower, or it might go aggressively up like that time in September 2017 when the China ban news came out and all the dumb money panic sold. I don't get this type of people. If you plan on becoming a millionaire or improving significantly your personal finances, how do you plan on selling at every piece of FUD is thrown at you.

*So what if the US will regulate BTC and impose taxes, what did you expect, wasn't it clear that BTC won't stay a no man's land forever?* If investing in crpto turns out to be profitable, what's wrong with paying taxes. If paying taxes feels like a pain in the ass... leave the country and choose a better one.

Anyway, this dump is probably just a healthy correction part of many more others to come on this bull market road and we could see it as it is. My question now on my personal #askleo initiative post is: **who's actually buying bitcoin now?** How many of you are buying at a  discount?

*Thanks for attention,*
*Adrian*         

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@alexvan · 
I will buy at 14k, I think it still can go till there. If it bounces back, no worries I will buy at 18k.
Let's see the next government fiat flood what it will bring. I think that crypto will recover fast and with another fiat round even faster :) 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@alexvan/re-acesontop-ch3fy)
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@acesontop · 
$14,000 is not far at all. Kind of a half way from where it topped recently.

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@bluemoon · 
To answer the question, not me! Going over the small detail that I don't have the money to buy ... I'm still used to buying when I should sell and vice versa. So I have to get used to abstaining.

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@acesontop · 
You should do the exact opposite then. I am not buying either. Waiting to cash out next year.

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@bluemoon · 
Yes, thanks, this is the best advice! I thought, too, but I didn't have the courage.

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@inalittlewhile · 
We've already been paying taxes on Cryptocurrency. Biden's plan will be much tougher on Cryptocurrency than it was before...but who's to say Trump wouldn't do the same? 

The regulations are for KYC, so that crypto companies have to give the IRS more consumer info. I didn't read the Tweet from the Coinbase CEO, but I read it was bashing the new proposal for new regulations. Centralized Coinbase walks that line between Crypto and the US Gov. I don't trust him either. 

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@acesontop · 
Thanks for bringing more info related to the FUD. Now, what what some of the dumb money expecting...
It's clear that governments all over the world will regulate crypto and track every damn penny of ours with their shitty CBDCs and cashless society. I just hope we will have one more bull market without that much KYC and taxes and also hope Romania will stay far behind globalization. 

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@inalittlewhile · 
I'm sure that privacy coins will be on the rise should the regs go through. 

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@josediccus · 
I expected the corrections but it seemed to hit one in the balls I might actually pick up a few dollars but then I'll wait to see if it'll still plummet or not before I make the decision. 

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@acesontop ·
$0.02
I believe we will see some more plunging. Maybe $15,000 who knows? I am still convicted that we're in a bull market and the price will get way higher from here. 

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@josediccus · 
Yeah I'm thinking there will be more plunging, it's best to wait at this period to see how it goes before making a decision to take advantage and buy. 

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@poshbot · 
https://twitter.com/AdrianPapava/status/1332014620396179457
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@revise.leo · 
I've seen a couple of people talking about a pullback to 16K and maybe as low as 13.9K, 

But I think the long term sentiment is still up into the >20K range for 2021. 

I'll probably set a buy just above 16K. Don't have too much to buy in with though. 

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@acesontop · 
I agree that the long term is up. Good luck with your buys. 

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