Quote from: artdisrupt on Today at 05:20:51 PM

Quote from: Harlot on January 13, 2021, 11:25:59 PM

@OP these types of questions is both a yes or no and it all depends on your risk tolerance and what kind of buyer are you. If you are planning to hodl Bitcoin this might not be the right time to buy it, yeah the price of Bitcoin may have temporarily drop and it may look like it is ready for another take off but the risk is still there and you might not really profit at all. If you are a trader and is just planning to profit in a 4-7% price change I think you can go in now and wait for that price action to happen.

I personally think that the future trend of Bitcoin has always been an upward trend. As the ZB.com research report said, the rise is related to the competition among institutions. So as institutions frantically join the Bitcoin market, $34,000 may be just the beginning. I don't need to say more about whether it is appropriate to enter the game now

Correct, but there is nothing wrong with being cautious since we know very well how fast the price of bitcoin can move and while bitcoin is an exceptional assets and currency at the same time it follows the same rules as any other asset, and even if the raise we saw in the price was important at the same time a decrease in its price will be even faster, however it seems the market is on its way to recover and it is once again going to test the 40k level.