Opportunity to buy cheaper, as we have already seen its historic peak at 109k and certainly in 5, 10, 15 years it will be much higher than what we are seeing today.
Ramalepe Kabelo
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WHY ARE BITCOIN AND CRYPTO DUMPING?
IN THE PAST FEW HOURS, BTC IS DOWN OVER 5%, WHILE LARGE CAPS ARE DOWN 8%-10%
THIS HAS NOTHING TO DO WITH THE CRYPTO MARKET AND EVERYTHING TO DO WITH THE US STOCK MARKET.
THE US STOCK MARKET IS DUMPING TODAY, AND IT'S JUST BECAUSE OF ONE APP NAMED "DEEPSEEK."
DEEPSEEK IS A CHINESE AI STARTUP THAT COMPETES WITH CHATGPT.
AS PER SOME ESTIMATES, IT COST < $10M TO DEVELOP, WHICH IS WAY LESS THAN CHATGPT
NOT ONLY THAT, TODAY IT OVERTOOK CHATGPT TO BECOME THE #1 FREE APP ON THE APPLE APP STORE.
AS OF NOW, CHATGPT IS VALUED AT $157 BILLION, WHILE DEEPSEEK IS VALUED AT MERELY 0.2% OF THAT.
THIS HAS CAUSED A MAJOR CONCERN AMONG LARGE US INVESTORS AS THEY'RE THINKING THAT THE US STOCK MIGHT BE TOO OVERVALUED NOW, AND THEY'RE SELLING IT SINCE THE MARKET HAS OPENED.
I PERSONALLY THINK THERE'S NO NEED TO PANIC SELL YOUR CRYPTO AS THERE'S ALWAYS SOME FUD TO SCARE THE MARKET.
HODL TIGHT AND JUST WAIT
#bitcoin
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