Buying the Dip

As I’m sure we all know, there has been some recent pullbacks in the crypto market. In this piece, we will talk about how these pullbacks can prove to be more advantageous in the long run. Specifically, we will be discussing Bitcoin and how to gain more of it!

COVID-19 and Bitcoin

One of the largest fundamental factors to the drop in market cap which we have seen across the board, is COVID-19. The pandemic has had a profound effect on the cryptocurrency markets, as well as traditional markets, in the same way it has had a profound effect on pretty much everything else. As I’m sure many of us remember, Bitcoin fell to approximately $3,000 on March 17th of 2020; right when we were in full swing of the first COVID wave. The price action which followed however, eventually led Bitcoin to an all-time-high of over $64,000 by April of the following year.

The Killer Whale Approach

Whenever there are dips in the market such as the one we are witnessing now, Killer Whale Signals and Strategies can be your best friend! Let’s take a look at how Killer Whale Gain BTC handles dips in the market.

When the price of Bitcoin drops, Killer Whale Gain BTC is designed to use the downswing of the market to your advantage, by selling Bitcoin into a more stable asset – such as USDT – until the technical analysis of Bitcoin shows good indications of positive price action. At this time, Killer Whale Gain BTC will use the stable asset – like USDT – which it bought into when the price of Bitcoin was dropping, to purchase even more Bitcoin than it started with! Since Bitcoin has consistently proven to us that it will continue to express new all-time highs on a macro timeframe, it is incredibly advantageous to ride the waves of the market to gain as much Bitcoin as you can!

EL Salvador Just “Bought the Dip”

President Bukele, of El Salvador made an announcement over Twitter, announcing that El Salvador is taking advantage of the current markets by buying more Bitcoin! For those of you who may not know, El Salvador adopted Bitcoin as the country’s national currency earlier this year. BTC and USD are essentially holding hands, as the two legal tenders of the nation.

El Salvador is using the Lightning Network to make it easier for its citizens to get used to the transition into digital money. Individuals and Businesses can use the Lightning Network to exchange USD to Bitcoin – and vice versa – instantaneously. El Salvador has taken a huge step towards making adoption easier for other nations who are looking to do the same.

President Bukele’s announcement entailed the country of El Salvador’s purchase of 100 more Bitcoin earlier today. Being the first country to ever adopt a cryptocurrency as its legal tender, it speaks volumes for how valuable investing in Bitcoin “at a discount” truly is for financial independence!

Be sure to check out the Killer Whale Products page, to see which Killer Whale Signals and Strategies are right for you!

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