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Affected by the South African epidemic, the overall market value of cryptocurrencies has fallen by US$200 billion. Do you think now is a good time to buy?

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The newly discovered variant of the new coronavirus in South Africa has affected all financial markets. As the world’s most important stock index futures contract plummeted, the cryptocurrency sector also experienced a large-scale adjustment. BTC fell to a six-week low, and some The price of altcoins experienced a double-digit decline. The overall market value of cryptocurrencies fell by US$200 billion. BTC fell by US$5,000 within a few hours to an intraday low of US$54,300. This price plunge was similar to the development of global stock markets. Synchronize

Personal opinion: I think that although it fell to this time, there are only 21 million BTC, which will be destroyed every day, so BTC will only become less and less, becoming a rare currency, and the price will increase, so I will not sell it. Personally recommend not to sell the BTC held

This time, BTC holders will want to sell, or will they want to buy more?

submitted by /u/cryptcxd
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