Department of the Treasury proposes crypto transactions over $10K shall report as cash || Crypto fast news #02
Hello dear friends.
I hope you are all right at low tide these past few days.
In my opinion, this tide is created by new investors who are new to the market. Because many new investors entered the market, they did not understand it well, so there was a great panic. 3 days too psychological has become extremely scared.
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The reason for their fear is the very ordinary news.
Now take a look at a little:
The first is that Tesla has not yet accepted #BTC as a payment currency for their products. What does this mean when they have not yet accepted #BTC as a payment currency. It is strange that many small investors have transferred their #BTC to whale holdings because of this statement.
Next, since the crypto market was formed and developed in mainland China, there have been many related bans. And the reality shows that the market still exists and develops despite those bans. So why does this news affect investors now? It can be said that investors who are affected are investors who do not know the history of the crypto market or they are just surfing and not using a long-term strategy.
Let's see how an investor with a long-term strategy behaves during this tide.
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Not selling and not selling, this shows that they are very confident in a distant future, maybe not very far, but they believe that the price will still go up very high.
And yesterday $750 million USD #bitcoin left the exchange. Whales 🐳 actually bought them.
Now I will send you some important information
News 01: 😃 Elon said that he hasn't sold and won't sell any Doge 😃 ... Can you believe this? 😃😃😃😃😃
News 02: Fed will launch a broad discussion of a digital dollar this summer. See more Source
News 03: U.S. seeks to have cryptocurrency transfers above $10k reported to IRS - Treasury . See more Source
News 04: Elon says if DOGE doesn't improve, then he will create a new coin…is this the end goal?
Good luck with your decisions
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