Bitcoin price is currently $53K, I think this is the time to buy bitcoin and some top coins. I am actually curious about the crypto market after the US presidential election, but for me whoever the president is, crypto will still be there and if there is a big correction, crypto will improve again so I am preparing for a long term hold.
Buying at the current price could turn out to be a good trade, even for short-term gains, because BTC is likely to recover to $60k soon. Investors with large capital can make great profits, but that’s just a prediction. BTC dropped to $55k when big events were happening, like Germany selling 50k BTC and MT Gox repaying their users.
Now, there aren’t any such events, but the market is still dumping, which is confusing, with no solid reason for why BTC is dropping. Trading is risky right now, but if you’re planning to hold for the long term, it’s not as risky because long-term holders are likely to make money, even if they buy now.