Yugocean
Valued Contributor
The reaction has varied after the SEC chairman declared Bitcoin a commodity. Bitcoin is being treated differently in a falling market, some are selling their bitcoins to avoid any problem, some are buying more because of any new possibility in the future bull run.
Cypherpunk Holdings, which invests in cryptocurrency, is one such example that is almost turning away from BTC in frustration among bears, with the company announcing that the company has sold all its bitcoin and ethereum to avoid the "risk of collapse".
MicroStrategy is one example that is taking advantage of the bear attack, with the company's CEO Michael Sylor announcing that the company has bought 480 bitcoins for $10 million at an average price of about $20k.
"Panic Sale", or "Buy The Dip" every company runs on the personal thinking of its owner, whoever will have whatever the idea in any situation, he/ she will get the company to follow the same.
Cypherpunk Holdings, which invests in cryptocurrency, is one such example that is almost turning away from BTC in frustration among bears, with the company announcing that the company has sold all its bitcoin and ethereum to avoid the "risk of collapse".
MicroStrategy is one example that is taking advantage of the bear attack, with the company's CEO Michael Sylor announcing that the company has bought 480 bitcoins for $10 million at an average price of about $20k.
"Panic Sale", or "Buy The Dip" every company runs on the personal thinking of its owner, whoever will have whatever the idea in any situation, he/ she will get the company to follow the same.