Post
Topic
Board Bitcoin Discussion
Re: Bitcoin hits $40k
by
Sithara007
on 15/01/2021, 03:50:20 UTC
Lol, sometimes bitcoin takes a break as well, and that is what we've seen in the last 7 days or so. Took a breather around $33k and then move forward to $40k again. So there's no $50k or $60k celebration at least. We need to wait till the end of the month and see how it goes.

And I would say that let the market takes it normal course, we don't need some artificial price action. Don't you worry, we might going to celebrate later, so hold on.

I am an investor with more than 7 years of experience in Bitcoin (having made my first investment in 2014). What I would say is that the temporary dips that you see nowadays are quite different from what we had during the earlier days. Now even if the exchange rates dip by 20% or 25%, they recover back to the previous levels in a few days. A few years back, that was not the case. The prices would remain suppressed for many months. This is the reason why I believe that there is a huge gap between demand and supply out there in the market.