Back to collectionAt USD 31,000, a Personal Buy Sparks a Debate About Risk
Background: On Sunday, the market was still testing the lows after the crash, and the community’s discussions about confidence and risk had not faded. Today: BTC tested USD 31,000 again. Impact and next: During the crash, the group had been left with little beyond liquidation screenshots and fear.
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Background: On Sunday, the market was still testing the lows after the crash, and the community’s discussions about confidence and risk had not faded. The Night Watchman was a long-standing group member; he saw everyone’s fear and had to decide whether to say publicly that he was still buying.
Today: BTC tested USD 31,000 again. The Night Watchman shared his record of adding to his position with the caption “Faith Discount Day.” Calling a falling market a discount encouraged some people, while others worried that newcomers might underestimate the risks. He did not present his record as investment advice.
Impact and next: During the crash, the group had been left with little beyond liquidation screenshots and fear. Today, members debated how to describe a personal choice. The Night Watchman made his decision public, but with prices still low, the group still needed to discuss how to distinguish individual conviction from general advice.