In China, which has a prohibitive and harsh stance towards Bitcoin and cryptocurrencies, the majority of investors bitcoin (BTC) and EthereumHe thinks that the decline in (ETH) may continue.
Chinese crypto journalist Wu Blockchain shared on Twitter the results of a survey conducted by the Weibo company with the participation of more than 2,200 Chinese investors.
In a survey of more than 2,200 people conducted in Chinese crypto community on Weibo, 8% of the voters believed that Bitcoin and Ethereum could be buy the dip when the price reached $18000/1000; 26% will buy in $15000/800; 40% will buy in $10000/500. pic.twitter.com/L2HsetMSk7
— Wu Blockchain (@WuBlockchain) July 14, 2022
According to the results shared by Wu Blockchain, 8% of the respondents said they would buy when BTC reaches $18,000 and ETH price reaches $1,000, while 26% said they will buy when BTC drops to $15,000 and ETH $800.
40% of the respondents stated that they think the decline can still continue and will buy when Bitcoin drops to $ 10,000 and Ethereum to $ 500.
As can be seen from this survey, some investors think that the bear market is not over yet and that the declines may continue.
Everyone in the 2018 bear market Bitcoin and crypto money While discussing whether the market is dead or not, in the 2022 bear market, “where should we buy?” We see that the answer to the question is sought. This shows us that the expectations for the future of the crypto money markets are still at a very high level.
*Not Investment Advice.