Is It The Right Time To Buy Bitcoin?
Based on the chart, bitcoin price has been going on a nosedive. Mostly affected by several government regulations.
After several weeks on continuous bearish direction of bitcoin and other crypto currencies it seems that we are nearing the bottom and there is a good indication that a "Bull" run is imminent. It would not be an easy ride though unless otherwise there is a stoppage in the government regulations which has been the major factor of the trading direction. Is it wise to buy now and take a long position?
Please drop by to share your ideas and comments..
image source: screen capture from Bitcoin Chart Widget
if yor scared, send me your bitc0ins.. and go buy US dollers sheepy.
danold tramp make all the bitcoins go up, yull see
Its good to be optimistic. Youre right im still hesitant to buy bitcoins.
Bitcoin might be nearing the end of the drop but personally i think we will still see it go as low as 6400 USD befor we will see the Bull run return as i think many investors who "jumped on the bitcoin train late in 2017 are still getting out after suffering some major losses however that is just my opininon.
I think you have a point. Other analyst recommend to wait until $500 is breached. Do you agree with it?