Quote from: Sithara007 on January 15, 2021, 03:50:20 AM

Quote from: TravelMug on January 15, 2021, 01:00:18 AM

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.

Of course, a lot has change then, even bitcoin's narrative has shifted as well, and again, it could still be a speculative asset, and now its becoming a leverage for big companies to hedge as reserve assets. That's why it can quickly bounce back from temporary dips unlike a few years ago, when that happen, investors are afraid to go in and think bitcoin is dead.

Talking about the huge gap between supply and demand, https://www.coindesk.com/crypto-buyers-face-possible-limitations-on-etoro-this-weekend