Quote from: Argoo on Today at 11:34:46 AM

Quote from: kentrolla on January 27, 2021, 12:45:52 PM

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.