BTC drop an opportunity to buy

[kentrolla]

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.

[pinggoki]

I don't think that the price drop of the bitcoin is kind of good opportunity for now to buy because if we will see the price of it, absolutely it is high although it drops for some 2% but still when we are seeing the price is still pricey. If you will buy and sell it just like a short-term investment then probably I can say that it is slightly good but ehen we are talking about long term investment then we already know that it isn't good enough.

[2double0]

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.

What will happen if that change in SEC doesn't prove to be in favor of crypto? More better opportunity to buy btc much lower? And swing traders are already taking advantage of how btc is reacting as this is their best time to gain something with quick trades on a daily basis.

[Lucius]

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.

Anyone who mines Bitcoin in a serious way (mining farms) has to pay their bills, primarily for electricity, but also for the repair and purchase of new devices, taxes and everything else. The miners don't have too much space here, they have to constantly sell to cover those costs - but that's certainly not the reason why the price is only around $30 000+, because with 900 BTC per day, which is the maximum, only 27 000 BTC is mined every month. The market is in much higher demand, although this may not be the case at the moment - but the institutional players have calmed down just a bit, they may be waiting for a better price.

Nothing will change radically in the SEC, people change, but the views of that commission remain more or less the same - they work according to the rules of the profession, not according to their personal views.

[gurunanakji777]

At the moment there is a good opportunity as BTC dropped too much again to its all-time high but I would consider this as a correction of the BTC so one should consider this as a good opportunity to buy BTC again and Let's see the change in SEC will be good or not we will come to know.

[Alucard1]

Well if we are talking about short term investment then buying bitcoin is good because it drops by 2% but if we are talking about a long term investment then I think it is still not yet good to buy because of the price of the bitcoin maybe we should still wait for some time to see that it drops below $30000 and take that opportunity to buy more bitcoin for a good investment.

[NeuroticFish]

The market is in much higher demand, although this may not be the case at the moment

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.
So I could say that at least previous week and this one are "unnatural". Let's see afterwards if the high demand will become visible again or not and only then we should get to conclusions.

[Poker Player]

If your horizon is the long term, almost any time is a good time to buy. It was clear that if we got to $100k this year, it wasn't going to be in a straight line. We will get there and pass them but there will be pullbacks that some might take advantage of to buy. Not me. I just hold and I sell little when the price goes up a lot.

[CODE200]

The question is, to what point will you invest? Will you wait for a lower market price or invest at this moment already? The market price is still high even if it falls in $30k market price mark, which will not be be surprising to know that some investors will still not be confident to invest and rather, would choose to wait for more. It is a battle between investor's market analysis. The price could go upward in a sudden and likewise with a continuous downfall. It is just hard to determine, which will seem to be a guessing game. Personally, I'll choose to be patient for now and wait for that sign I am seeking, before engaging with investing into this technology. And I guess it is still too early.

[Fatunad]

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.

Not really that much of fan with fundamentals but this might be the reason for this kind of correction.We've be playing around 33k price point and now we are almost dropping below 30k.

Miners are selling of their bags? So you do particularly talk about this news: https://www.coindesk.com/bitcoin-falls-miners-sell-institutions-yellen
Actually this dip or correction is really a good point for you to buy or accumulate but we cant deny that we are really on  that hesitation side of things
yet we cant determine if this price decline would go even more lower.

[aoluain]

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.

Anyone who mines Bitcoin in a serious way (mining farms) has to pay their bills, primarily for electricity, but also for the repair and purchase of new devices, taxes and everything else. The miners don't have too much space here, they have to constantly sell to cover those costs - but that's certainly not the reason why the price is only around $30 000+, because with 900 BTC per day, which is the maximum, only 27 000 BTC is mined every month. The market is in much higher demand, although this may not be the case at the moment - but the institutional players have calmed down just a bit, they may be waiting for a better price.

Nothing will change radically in the SEC, people change, but the views of that commission remain more or less the same - they work according to the rules of the profession, not according to their personal views.

Even though we dont like regulation, institutional investors will like it because it gives
them clarity and also that there wont be any punishment or penalties.

Regarding the 900 supply of Bitcoin daily, I have heard that some miners are selling
direct to investors like Square for example but I cannot confirm that.
Just a heads up that the full supply may not even enter the market daily.

[AmoreJaz]

The question is, to what point will you invest? Will you wait for a lower market price or invest at this moment already? The market price is still high even if it falls in $30k market price mark, which will not be be surprising to know that some investors will still not be confident to invest and rather, would choose to wait for more. It is a battle between investor's market analysis. The price could go upward in a sudden and likewise with a continuous downfall. It is just hard to determine, which will seem to be a guessing game. Personally, I'll choose to be patient for now and wait for that sign I am seeking, before engaging with investing into this technology. And I guess it is still too early.

for some users saying that they should have bought btc when it was 30k, so guess what? this is their moment already. or are we hearing the same statement, that they will wait for much lower price.
so yeah, whenever they choose to invest, it is their prerogative to do so. scalping, short-term or long-term investments, it doesnt matter. as long as you are selling much higher than what you bought it, then youre good to go.

[Mpamaegbu]

the possibilities are more for a good movement in BTC, share your thoughts.

Yes, this drop is a good time to buy in but I can bet that people will still be skeptical to buy now thinking it will collapse more in days to come. 2021 is a bullish year for the crypto industry, and we just began. It's a long way to go. Those who are selling off now with the aim of buying back are likely to regret it like those who sold off as soon as Bitcoin crossed $20k (they thought it would reverse once it crossed its ATH). That was a miscalculation on their path as we can see now.

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.

[chippy.hogan]

This is what am I thinking too theres so much selling pressure which is making the price of BTC drop faster and I think we can get a great buying opportunity on this and short it once it gain its momentum back again

[LimLims]

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.

As always market is never predictable.
And also if you listen to me then there is no perfect time to buy or sell.
As we know BTC has different and more ATH then current price, so it has still potential to grow(atleast to it’s ATH).
So yes i am also continuously buying BTC.
I have a true faith that BTC will again touch 40k USD soon and i will be able to sell the coin with more profits.
Wishing Best of luck to ourselves.

[Swopon]

The simple expectation behind whatever we perform is to bring about a profit. But this is not the prosecution with BTC dropping here. Presently it can be bought and sold, but it will be a short time investment. Heretofore the expectation is to make additional profit, it is politely not to buy now.

[Kittygalore]

I don't think that the price drop of the bitcoin is kind of good opportunity for now to buy because if we will see the price of it, absolutely it is high although it drops for some 2% but still when we are seeing the price is still pricey. If you will buy and sell it just like a short-term investment then probably I can say that it is slightly good but ehen we are talking about long term investment then we already know that it isn't good enough.

I think in the long term it is a good investment, remember when 1k was too high for some people but not those people could have been millionaires. You might have mixed it up, I think that in short term it will be a bad investment because the profit gap is so small that it wouldn't be worth it. That depends on the country that you are in though, the price at your country's currency value even at this low might be big, I do understand that because the equivalent here is big too so I can see where you are getting at but if you have the money to do a big investment and still have the spare to survive for daily needs then it will be a worth it investment in long term.

[dothebeats]

As of this moment, shorting may actually be a good way to earn some money on the side with the uncertainty on bitcoin lingering on all fronts. The miners selling, coinciding with the traders dumping on exchanges is an opportunity to buy cheap coins and sell them immediately on immediate price changes. As of this moment, anything below $30k is still a good buy if one is planning to hold in the long term, as this run doesn't seem to be stopping any time soon, and the movement remains sideways from here. Also, Biden's planned change on SEC may not actually affect bitcoin that much, considering that Gary Gensler isn't against crypto, but the unlawful and illegal use of the financial instrument. In fact, that might even bring us closer to an actual bitcoin ETF that most people are waiting for for years.

[Sterbens]

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.

[aysg76]

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.

There is no such good time to buy. If you want to hold for a long time then anytime is a good time.
Biden move may out turn also. So you never know what gonna happen, so just buy whenever you have some extra cash.