WAY DOWN WE GO! IMAGINE THAT YOU ARE A PRESIDENT
I am not saying that what you are about to read is the fact or truth, I am just saying imagine.
IMAGINE... you are a businessman who is about to become a president of U.S.
#TRUMP And you see the asset which you recognize for what it is, a great value store
#CRYPTO. Now you also see that this asset is not just a value store but also have enormous speculative overhead on it's price. What would you do?
First I would create a hype and push it even more towards mainstream, like for example announcing the plans to create a national reserve of given asset. Now, I want the core price not the speculative overhead. What is that I have to do to get rid from speculation? The answer is "NOTHING", I have to do just that, NOTHING.
Maybe create some shit coin to give gamblers something to play with and draw that speculative capital away from
$BTC and other respectable assets to speedup purification.
Ones the price is low enough. That where I would go in with the national reserve being the biggest buyer in history buying the dip.
So, that is what I would do. But unfortunately I simply not smart enough to become a president of U.S.A., but what I am actually doing is a grid bot buying
$BTC all the way down to 80k, ones we reach that price I will simply double down and will be buying down to 70k, do not think it will go lower than that, but if it will, double down again (
#FOMO ). I am also buying other coins favored by Trump which are $XRP and HODL to
$ETH .
And what would you do about crypto market if you would be a U.S. president?