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Author Topic: BTC drop an opportunity to buy  (Read 530 times)
Argoo
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January 30, 2021, 11:34:46 AM
 #81

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 fall in the price of bitcoin to $ 30,000 can hardly be regarded as a good opportunity to buy it in the current situation. Bitcoin will inevitably fall in value and lower. We see that its price volatility is very high right now. Price fluctuations happen very quickly. It is better to wait a while and look at its further price movements.

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January 30, 2021, 12:00:33 PM
 #82

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 fall in the price of bitcoin to $ 30,000 can hardly be regarded as a good opportunity to buy it in the current situation. Bitcoin will inevitably fall in value and lower. We see that its price volatility is very high right now. Price fluctuations happen very quickly. It is better to wait a while and look at its further price movements.
The correction will always be on the way, if we got this drop and buy during that time, you are making a return right now as the price moves back high again. That to say that every drop is an opportunity but you are facing the high-risk as well for it has a chance that it continues to drop. The good thing is that many institutional investors are helping the market not to drop as they are increasing the demand.

I don't think that Biden will be opposing crypto, that is why crypto holders are so much hopeful of his support. If that happening, expects to continue the bullish season this year or the years coming.

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January 30, 2021, 12:16:27 PM
 #83

opportunity for the short term, at least hope bitcoin can go back up to $ 40k. at least you can get a profit of $ 7000 if you can buy 1 bitcoin. This is a good opportunity, but must be prepared also with risks because all does not guarantee, including the political situation in America and also the world economy.

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January 30, 2021, 01:02:06 PM
 #84

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 think that current drop is an opportunity to buy.The price is still high. It is not yet time for me to buy and hold.That's too far from the price drop last year.
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January 30, 2021, 02:11:17 PM
 #85

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 prices have now once again pumped due to investment in Bitcoin due to Musk updating his twiiter bio with #bitcoin and they are standing at $38k at current which means they have grown 14% in last few hours.You should have invested at the dip when prices were fluctuating below $30k and you have gain profit.But if you are planning to invest at this time you should wait for some time as after few days crypto rules and regulations policy will be disclosed by Indian government in their annual budget which will impact the prices in the market as they are working on their own CDBC by RBI and use of blockchain technology rather than promoting these cryptocoins.But we need to wait for the actual results and you can invest according to that.But there is one saying that anytime is best if you are planning to invest in Bitcoin because it will rise inspite of no support from central authorities because it was build to overrun their centeral system of payments by Sathoshi so sont worry about prices if you are long term holder just go with the flow.

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January 30, 2021, 02:31:44 PM
 #86

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.
We see that Bitcoin price was hit 40k. The price is relatively low when you compared to 40k. Now Bitcoin price is 34k, This does not mean that the price of Bitcoin has dropped. Bitcoin prices are still very high.  Bitcoin was hit 20k in 2017, then the price of Bitcoin dropped to 5k.  From this we can say that the price of Bitcoin may go down further because the price of Bitcoin is still much higher.  Although Bitcoin has potential, I would recommend buying Bitcoin. I think that It will cross 50k at the end of this year.
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January 30, 2021, 03:06:20 PM
 #87

I don't think that current drop is an opportunity to buy.The price is still high. It is not yet time for me to buy and hold.That's too far from the price drop last year.
It's still the 1st month of the year, anything could happen same like in 2017-2018 era where this such event also occurred. 2 days ago, the price was in 30k range and suddenly today rises up back to $34k, maybe it will stay longer in 30k - 35k price range for quite some time.

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January 30, 2021, 03:44:33 PM
 #88

There is sustained and growing interest in the likes of Bitcoin from both retail and institutional investors. They are now increasingly handling the assets as they would any other asset in the portfolio –for example, sometimes profit-taking, sometimes reinvesting, using the volatility to their advantage, and using these alternatives to help with all-important diversification.
These mainstream, normalised investor strategies demonstrate that cryptocurrencies must come into the regulatory tent and be held to the same standards as the rest of the financial system. Volatility in the crypto market, as in all financial markets, is not necessarily a bad thing for investors and can be capitalised for their long-term financial gain. Harnessed effectively, it can be a very powerful strategy.
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January 30, 2021, 05:42:25 PM
 #89

I don't believe it's an opportunity to buy BTC yet
Bitcoin will probably drop to around US$10,000
maybe I will buy some at that time.
 Smiley
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