BTC drop an opportunity to buy

[Ultegra134]

I am not quite sure if it actually is the perfect opportunity to buy, I bought yesterday, along with Ethereum and Litecoin and guess what, all of them fell to a large degree today. Stupid me. The market looks like it is going downhill, you may buy now, but tomorrow it might be at an even lower price that the day before.

It's best to be patient and cautious of any moves we make, I wasn't.

[1715206856]

1715206856

[1715206856]

1715206856

[1715206856]

1715206856

[Lucius]

From what I've read yesterday between the lines (but unfortunately I don't remember exactly where), there are Options that will expiring these days and usually then the price may get affected by big scale speculation.

According to the news, it is a record $4 billion options that expire in a few days (January 29, January), but even though it is a record, in December it was $2.4 billion, so nothing dramatic happened. On the other hand, if you visit the WO thread, you will find interesting information that something very serious is happening in the stock market, and it is already known that Bitcoin is not immune to the disturbances that occur in that market.

Given that the upward progress at the moment is not realistic, those waiting for some significant correction to happen may get a chance this week - I don't know where more significant resistance is expected, but according to some comments it's $25k.

[A62662]

Bitcoin is clearly a bubble right now, and when it goes down below 20K, it will still be very expensive. Only last year it was trading at $4k.

I would say this is a good opportunity to sell before it goes down even further.

[0t3p0t]

As BTC is dropping now I feel this is a good opportunity to buy and sell for short-term there are lot of news coming across as miners are selling and this could be the reason for drop in the other hand institutions are investing money in BTC.

As biden is planning for a change in SEC I hope this could boost the market in upcoming days and the possibilities are more for a good movement in BTC, share your thoughts.

When prices of Bitcoin goes up and down, it is always an opportunity whether you buy or sell coins. Whatever the reason of this drop I believe it will then again skyrocket so don't take any chances. As long as investors keep on pouring some of their investments into Bitcoin like tens or hundreds of thousands of coins there could still be a good movement plus the surge of adoption.

[abderrazak belkhir]

I agree with you and i  elieve that this is the golden chance for those who didnt bought when bitcoin was very cheap...for everyone who regret not buying bitcoin i think this is the chance to make some profits but maybe in the long term

[traderethereum]

I prefer to wait for more to see where bitcoin price will move because it is unpredictable, and it is hard to analyze to get more info.
But we can try to buy bitcoin at a small amount to test the market and see what will happen to bitcoin.
If the price still goes down, we need to place another small amount to buy, and maybe you can set your target price to buy, so it will automatically fill when the price still goes down.
If you have a plan to hold bitcoin for the long term, you can buy bitcoin at any low price and you are not worried if the price down because your target price to sell will be in the future.

[batang_bitcoin]

As BTC is dropping now I feel this is a good opportunity to buy and sell for short-term there are lot of news coming across as miners are selling and this could be the reason for drop in the other hand institutions are investing money in BTC.

BTC's drop is also good for the long term investors. But if they don't feel holding for long, yeah, they can sell it whenever it pumps again. Just like as I've seen dropping to $29,700 and then, it's back to $30,000. We typically see this move by bitcoin and it's not just the miners that do sell but it's a sign that there's a large sell off that just happened.

As biden is planning for a change in SEC I hope this could boost the market in upcoming days and the possibilities are more for a good movement in BTC, share your thoughts.

He also halted FinCEN's regulation proposal for crypto wallets.

[2double0]

What will happen if that change in SEC doesn't prove to be in favor of crypto?

The worse that can happen if such happens is that Bitcoin will take a momentary fall but it will quickly rise as soon as it goes down. The 2021 bullish trend will cast Bitcoin in good light no matter what negative news that wants to spring up. We had a lot of negative vibes against Bitcoin in 2017 but that didn't stop it from attaining that height. It's the same thing I expect.

We just need one or maybe 2 institutions to get scared with what's going to come and what will be there in their official papers for btc and if that does not help these institutions profit from crypto, they will move their funds elsewhere out of crypto and they will be enough to shake the markets in a few hours just like how btc fell down from 40k to 29k.

[matchi2011]

What will happen if that change in SEC doesn't prove to be in favor of crypto?

The worse that can happen if such happens is that Bitcoin will take a momentary fall but it will quickly rise as soon as it goes down. The 2021 bullish trend will cast Bitcoin in good light no matter what negative news that wants to spring up. We had a lot of negative vibes against Bitcoin in 2017 but that didn't stop it from attaining that height. It's the same thing I expect.

We just need one or maybe 2 institutions to get scared with what's going to come and what will be there in their official papers for btc and if that does not help these institutions profit from crypto, they will move their funds elsewhere out of crypto and they will be enough to shake the markets in a few hours just like how btc fell down from 40k to 29k.

If that happened the market will experienced extreme downfall, as there are weak holders that will ride down to this institutional investors and create more panic along the way.

This current downfall may take some time, as the emotion coming from those who are new to this chain is very prone of losing their investments, if they are not prepared then it's a big loss for them.

[Ratash]

 I feel like it will be tricky to buy in this periode after the last big bullrun caused by institutions and whales buying and holding now there is a quite big drop in the price but even now the price is really high and even if it will be back to 40k there wont be a big % rise so we need a big amount of investment to gain proper profits plus a risk of a price dump.

[kentrolla]

I don't think it's too hasty to buy during a downturn like this, which hasn't reached the limit of resistance with certainty. Indeed, for the short term there is still a few percent chance, but even then you have to take a position carefully. quite troublesome calculation.

What actually is if the price starts to fall it doesn't mean it will fall gradually the trend doesn't work like that also we have some examples which is happening from the past two weeks. BTC price goes 30k then again it pumps to 35k+ this happened several times.

My calculation is buy at low and sell it for a descent profit that's what I call short-term even 10$ a day is good profit for me, every penny counts

[pawanjain]

As BTC is dropping now I feel this is a good opportunity to buy and sell for short-term there are lot of news coming across as miners are selling and this could be the reason for drop in the other hand institutions are investing money in BTC.

As biden is planning for a change in SEC I hope this could boost the market in upcoming days and the possibilities are more for a good movement in BTC, share your thoughts.

I don't know about others but I definitely think it's a good opportunity to buy bitcoin right now. The price had spiked up to $42000 and is now at $30000
Considering the ATH it's a good price for all those who think they missed the opportunity to buy some bitcoin.
I won't recommend going all in but it would be a nice deal to invest a decent amount into bitcoin. If the price decreases more, we will still have some amount to average the price down.
I have bought some at $32000 and I definitely think it will cross the ATH again sooner or later.

[2double0]

If that happened the market will experienced extreme downfall, as there are weak holders that will ride down to this institutional investors and create more panic along the way.

This current downfall may take some time, as the emotion coming from those who are new to this chain is very prone of losing their investments, if they are not prepared then it's a big loss for them.

All of us are expecting that btc will recover as quickly as it dropped down, but I had been watching the orders the whole day and it seems that the support is continuously being broken by sellers and if the bulls survive this selloff, then only I can believe that btc will recover and get towards a new ATH or 42k will be this year's ATH.

[abel1337]

If you are afraid to lose part of your cash now may not be the right time for you to buy. You can wait a little before buying. There are chances that bitcoin can still go down before it makes investors smile again. Whatever that makes bitcoin go down will also make it come up and that is the investors. Buy now if you have loose money you will not be scared to part with. If not, wait a lttle.

It's true, bears aren't finished yet and showing that they have more to go. Support lines are slowly breaking up and if they have failed to break the biggest support line, I think that's the signal to buy some bitcoin because there is a chance of a bounce back.

[Silberman]

As BTC is dropping now I feel this is a good opportunity to buy and sell for short-term there are lot of news coming across as miners are selling and this could be the reason for drop in the other hand institutions are investing money in BTC.

As biden is planning for a change in SEC I hope this could boost the market in upcoming days and the possibilities are more for a good movement in BTC, share your thoughts.

The movement seems to be too small to me, it is an opportunity of course but if what you are really expecting is an opportunity to get cheap bitcoin this is not the one, this is why I think that for the time being the best strategy is just to hold whatever bitcoin that you have and wait to see what happens, if the price goes up you get more profits and if it goes down more than what we are seeing then you can increase the amount of bitcoin you are holding and make money that way.

[Jating]

I don't think it's too hasty to buy during a downturn like this, which hasn't reached the limit of resistance with certainty. Indeed, for the short term there is still a few percent chance, but even then you have to take a position carefully. quite troublesome calculation.

What actually is if the price starts to fall it doesn't mean it will fall gradually the trend doesn't work like that also we have some examples which is happening from the past two weeks. BTC price goes 30k then again it pumps to 35k+ this happened several times.

My calculation is buy at low and sell it for a descent profit that's what I call short-term even 10$ a day is good profit for me, every penny counts

Yeah, it's hard to be a day trader, so really even as low as $10 profit is good.

But for those long term holders, this is another perfect opportunity, at $30k or if it drops a bit, this is a win-win situation. Also, for those average joe who are complaining, this is a great time to enter. No need to buy a full btc, just a small portion will do and then continue to accumulate. We have just started this year, many unexpected things can happen, including another all time high at the end of the year.

[Reid]

I would not rely much on that "change in SEC" thing.
Rather, look for how high the demand is and I bet it is still strong if you consider that the price didn't fell that much like 2018.
Somehow it is still holding at a good number and yes that could be a good sign to purchase.
It may look expensive for all of us but there is always the "what if". It sways hard upwards that no one expects.

[Wysi]

This recent drop was unexpected eventhough we thought there would be fluctuations but from past few days we have seen more drops and less pump, it's a worrying factor because this might be the end of bull run or else one more correction phase and if it's correction phase then it would act as slingshot for investors but investing right now is high risk factor which many won't bother to do apart from institutions.

[LittleBitFunny]

Exactly, Now it is new buying opportunities for those who miss the previous pump. this is the perfect time for buying Bitcoin before we cross 50k or 100k. I think we may touch 20K price zone several times before going to 50k or 100k price. I think we may touch the 20K zone but it will not give you too much time for buying, If we touch 20k price range we will bounce from that point within a short time, so if you want to invest in Bitcoin and hold for a long time now it is the perfect time for you.

[Sebas.tian]

<snip>
As biden is planning for a change in SEC I hope this could boost the market in upcoming days and the possibilities are more for a good movement in BTC, share your thoughts.

Wtf do you think about this Biden SEC? Positive or negative? We might see another side of what we are all expecting because the president elect has different colors in terms of his actions, hope he find good guideline for the incoming SEC. What we saw earlier today was an opportunity indeed, but many were wanting to see bitcoin price at $25k, maybe they should wait for another.