Quote from: tvplus006 on January 13, 2025, 11:42:05 PM

Quote from: Mr forfee on January 13, 2025, 03:52:40 PM

BTC falls below $92 with altcoins on a downtrend in the last 24 hours, is it a good advantage for traders?

It all depends on which order was opened by the trader. For those traders who have opened a short position, this is undoubtedly a good opportunity to make a profit. And if a trader had a long open, then most likely his position was liquidated by the exchange.

For those who trade on the spot market, this price reduction for all coins is a good opportunity to buy at a reduced price.

I have been doing that quite lately, buying at 90k range and selling at 99-100k range. Maybe a dumb trade, i guess (not an expert trader), but it gave me a decent amount of profit these days. I have used only fraction of the BTC holding I had, a very small amount, so I'm not worrying much.

Yes, it's definitely a good opportunity for not only short term traders but also long term traders. They will be able to accumulate more BTC with this reduced price, and make their Hodling stash bigger.