What do you think of the sudden dive these days? Could it be a chance to invest more?
Well, it obviously broke down past the trend line that I drew. It's possible that bankster manipulators did this on purpose at the opportune moment - I was watching last night and it did actually hover there on the line for a little while before it fell through, then all the traders saw it and started panic selling, so anyone with a large holding who wanted the price lower could have easily nudged it over the edge at that moment.
Otherwise I just find it curious that BTC would be affected by Coronavirus fear along with other markets. The only reason to expect the price to drop because of Coronavirus is because of thinking other traders would expect the price to drop - it's a circular self-fulfilling fear. Or there are just too many traditional stock traders in crypto now and they just lumped their cryptos in with the rest of their holdings and panic sold everything together.
Anyway, I always thought crypto would be an appealing safe haven for stock traders to run to when stocks crash, so in theory crypto prices should go up when traditional markets are going down. So hopefully stock investors with think of this and start buying the dip.
I can't predict right now whether cryptos will suddenly rally or continue to sink with everything else, but either way if you believe in the long term viability of it, then yes, I think this is an excellent buying opportunity.
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